
On November 18, TCL Corporation announced that TCL Co. would be split into ALCARTEL Co. and TCL Co. The present CEO of TCL Co. Liu Fei will be the new CEO of Alcartel. Wang Daoyuan will become the next CEO of TCL Co. and Liu will still be the executive president of TCL Co..Wang joined TCL in 1993 and has been the executive president until now.