Verite Capital Appoints Sumit Majumdar as Vice Chairman and CSO

Verite Capital Partners has appointed Sumit Majumdar as Vice Chairman, Chief Sustainability Officer and Operating Partner, a move that significantly expands the firm's commitment to global environmental sustainability, industrial job creation, and economic development for underserved populations. The announcement was made by Don Jones, Chairman and Managing Partner of Verite Capital Partners, who has nearly 50 years of executive leadership experience at major retail enterprises including Macy's, IKEA, GAP, and Target. Since founding Verite in 2009, Jones has focused on scaling capital access and corporate education for diverse entrepreneurs. He also serves as Chairman of the Board of Trustees at Felician University, where he received the 2024 Martin Luther King, Jr. Legacy Award, and sits on the boards of Nuvance Health and Northwell Health.

Majumdar brings over 20 years of experience as President of Buffalo Biodiesel Inc., where he grew the company into a major multi-state enterprise serving over 30,000 locations. He is the architect behind "Project Green Logic," a carbon-negative industrial hub and advanced materials research center, and has engineered international waste-to-energy frameworks across Ghana, Nigeria, and Mexico. In his new role, Majumdar will oversee an international initiative to establish more than one million green jobs globally while reducing worldwide carbon emissions by one percent. Verite Capital Partners, managing $7 billion in current obligations and over $20 billion in committed investments, is uniquely positioned to deploy capital at scale. The firm's website is https://www.veritecapitalpartners.com.

Jones highlighted Majumdar's strategic value, stating he brings "vision and direction to Verite in terms of economically viable green initiatives for employment, energy, and agriculture which results in the empowerment of the communities Verite serves." Majumdar expressed that his collaborative mission with Jones is to achieve large-scale environmental remediation and structurally protect underserved communities. Together, they are positioning Verite at the forefront of the global green transition, demonstrating that high-level corporate finance can be leveraged for environmental stability and equitable global opportunity.