Shares in e-commerce provider Afterpay have hit a record high amid strong gains in the broader Australian stock market.
Afterpay shares jumped more than 8.8 per cent early to touch $48.44 around noon as the benchmark ASX 200 index rose by nearly 1.5 per cent.
The shares are now worth more than six times from the bottom of $8.01 on March 23 and are up more than 50 per cent on a longer term since January 1.
The company told the market on Monday its interim chairperson Elana Rubin would take over the role permanently following a global search by headhunter Spencer Stuart.
It has also recruited US-based Sharon Rothstein to join its board as a non-executive director as it focuses on expanding in the US market.
Ms Rubin, a former chairwoman of AustralianSuper, has been on the Afterpay board since 2017 and is also a director at Slater and Gordon and Telstra. She will retire from the board of ME Bank in June.
Ms Rothstein is on the boards of several companies including the online reviews website Yelp, listed on the New York Stock Exchange.
Former LinkedIn executive Clifford Rosenberg has retired from the board, Afterpay also said.
Afterpay offers consumers a way to use credit for purchases without the need for a card. It listed on the Australian stock exchange in 2016 at a price of $1 per share.
Nicholas Molnar devised the company after running an online jewellery business.
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Afterpay shares hit record high - Yahoo Finance Australia
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