RVB Holdings Ltd. announced that the board of directors of the company approved the appointment of Mr. Moti Menashe to serve as a director of the company, as of March 13, 2013. Mr. Menashe replaces Mr. Yitzhak Apeloig, who has resigned from the board, effective as of March 13, 2013. Moti Menashe has served as a projects manager at Upswing Capital Ltd. since 2006.