Wells has worked in institutional and investment banking, and resources, in the UK, Singapore, US and Australia. Before working as CFO and chief operating officer at nlc Pty Ltd prior to its acquisition by SG Fleet Group, Wells was CFO in National Australia Bank's wholesale banking arm.

"I am very pleased to welcome Stephen to Syrah's executive management team. Stephen brings broad strategic financial experience and strong leadership capability," Syrah CEO Shaun Verner said.

"He will play a key role in Syrah's future as we continue to develop the Balama graphite operation's position in the global graphite market and lithium-ion battery supply chain, and progress our battery anode material and vanadium project options."