TCP hired den Daas from Koninklijke Philips N.V ( PHG ), where he most recently was chairman of the Dutch company's Philips Lighting North America and CEO of its Professional Luminaires business unit. In company news, TCP International Holdings Ltd. ( TCPI ) rallied Thursday after the electronic components manufacturer today name K.R. den Daas as its new chief executive, replacing Ellis Yan who is remaining board chairman at the company.