On November 8, 2012, HOMHotel Outsource Management International Inc.'s Board of Directors, by unanimous vote, elected and appointed Mr. Kalman Huber as Chairman of the Board. Mr. Huber has been a director of HOMI since 2009 and is the chairman of HOMI's audit committee. Mr. Huber replaces Mr. Avraham Bahry, who served as Chairman of the Board since 2004.

Mr. Bahry remains a Director and member of the Board.