James Gosart Appointed CEO of JK Yaming, International Leader in High-Powered, Energy-Efficient Induction Lighting Solutions

SINGAPORE--(BUSINESS WIRE)--

Luma Investments Ltd., parent company of JK Yaming International Holdings Pte Ltd., a leader in the field of high-powered, energy-efficient induction lighting solutions, today announced the appointment of James M. Gosart as Chief Executive Officer.

Mr. Gosart, 59, formerly served in Shanghai as Asia Pacific CEO for GE Lighting, the Cleveland USA-based unit of General Electric Company GE.

“Jim is a seasoned GE-trained executive,” said Luma's Chairman Gareth Chang. “His in-depth knowledge across multiple disciplines and different cultural environments will be invaluable in transitioning JK from our market leadership in China to becoming the global leader in the technology-leveraged, fast-growing high-efficiency energy lighting solutions market sector.”

During his 34 years at GE's Lighting and Industrial Systems Gosart also served as China CEO for GE Consumer & Industrial and held other positions in sales, marketing and product management. In these roles, he managed several Asia Pacific based joint venture companies and spent 18 years in Hong Kong, Shanghai and Singapore.

"JK Yaming's strong induction lighting technology, solid finances and extensive global market reach positions us well for aggressive growth in the rapidly changing field of energy efficient lighting,” said Gosart. “Customers turn to JK for proven, cost effective, high power technology with excellent color properties. That makes JK an excellent solution for many high power applications. We are well positioned for growth.”

About Luma and JK Yaming

JK Yaming (www.fjjk.com) is a leader in high-powered, energy-efficient lighting solutions, with market leading R&D, production and distribution capabilities in both traditional and energy-saving induction lighting products. JK solutions are brightening expanses in New Jersey, Chicago, Amsterdam, Germany, Mexico, and illuminating the way at marquee installations like the Beijing Olympics “Bird Nest” Stadium, infrastructure needs like the Customs Immigration & Quarantine Complex in Singapore, and commercial operations such as Volkswagen's manufacturing facilities in China. Through its investment vehicle Luma, an international consortium of investors led by Citi Venture Capital International, invested in JK in a multi-million dollar transaction and privatized it off the Singapore Exchange in 2011.