It comes after the shock announcement that its current chief Ken Brinsden would exit the Perth-based mining company after seven years of riding the highs and lows of the lithium market.

Mr Henderson, who has held the role of chief operating officer at the business since 2017, has worked in senior roles at Fortescue Metals Group, Chevron and Occidental Petroleum.

Prior to joining Pilbara Minerals, he held leadership positions with FMG in mine operations and project development.

Pilbara Minerals said Mr Henderson was the stand out candidate because of his strong understanding of the future of the lithium raw materials industry and the company’s vision to become a key long-term player in the sector.

“Dale is an exceptional, high-calibre individual who has already made his mark at Pilbara Minerals over the past five years as COO,” Pilbara Minerals chairman Tony Kiernan said in a statement.

“He is a very strong, capable and inclusive leader and has the industry experience, leadership skills and cultural values to take Pilbara Minerals forward into its next exciting growth chapter.”

Mr Henderson worked closely with Mr Brinsden to implement the production moderation and cost-cutting strategy that was devised in response to the severe downturn in lithium raw material prices in 2017-2019.

He also played a prominent role in overseeing operational improvements at the business’ Pilgangoora project, and developing Pilbara Minerals’ ESG and sustainability framework.

Mr Brinsden will step down as managing director on 30 July.