These include webcasts and all-staff messages from our Chief Executive Officer (CEO) Ben van Beurden, senior leader webcasts, town halls, team meetings, virtual coffee/chai connects, interviews with Senior Management, and online publications via our intranet. Huibert was previously Executive Vice President Global Commercial. Shell has shortlisted four candidates to succeed veteran Chief Executive Ben van Beurden who is preparing to step down next year after nearly a decade at the helm of the $192 billion energy firm, two company sources told Reuters. Legal counsel provides legal advice globally and supports the implementation of programmes. Royal Dutch Shell plc ("Shell") today announces the appointments of Wael Sawan as Integrated Gas and Renewable and Energy Solutions (R&ES) Director and Zo Yujnovich as Upstream Director. Management regularly engages with our employees, including internally elected employee representatives, through a range of formal and informal channels. All shares that vest are increased by an amount equal to the notional dividends accrued on those shares during the period from the award date to the vesting date. He joined Shell in 1988 based in Australia and then moved to Hong Kong and later to London. At December 31, 2021, there were a total of 82,000 employees at Shell. Ms Yujnovich told The West Australian's Leadership Matters breakfast event yesterday the ability to do that was the result of the culture of her business, saying that if the . It's somewhat subtle, but I think mentors tend to be more active in terms of perhaps guiding me on specific things. By contrast, Canadian Wael Sawan looks ideal. Sawan took office on Jan. 1 . He joined Shell in 1988 and has held roles in Shells Upstream, Integrated Gas, and Downstream businesses and our Projects & Technology organisation. Most recently she was Executive Vice President for Shells Conventional Oil & Gas business with operations in 19 countries. One of the things that strikes me is just the generosity and the care in Canadian people. Shell belongs totheBusiness Disability Forum. Leading the pack is former Shell Australia chairwoman Zoe Yujnovich, now a heavy hitter at the energy giant's global headquarters in The Hague where she heads the worldwide conventional oil and . Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. I know what I know, I know what I don't know, and I don't know what I don't know. We are creating an environment where people with disabilities can excel. Externally, in the USA, wework closely with the civil rights organisation National Urban League. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. All metrics except the employees metric exclude the employees in certain Upstream, Renewables and Energy Solutions and Downstream companies that maintain their own HR systems. My passion has been around trying to make a difference in how we contribute to developing the world from the resources that we have. The proportion of voluntary resignations in Shell was 4.4% in 2021 compared with 2.6% in 2020. [A] Wehaveachieved this target. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. Fri, 10/15/2021 - 09:35 AM. All shares that vest are increased by an amount equal to the notional dividends accrued on those shares during the period from theaward date to the vesting date. The CEO search process, which was announced in December when Mr Coleman advised that he would retire in the second half of 2022 after 10 years at the helm, is being run by international firm Spencer Stuart, so other overseas candidates could be in the frame. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. First launched intheUK in 2005, we now have 14 enABLE networks globally. From 2017 no further grants weremade under this plan. In 2020, we created the Shell Diversity and Inclusion (D&I) Council for Race, supported by a20-member Employee Advisory Board composed of members from adiverse mix of racial and ethnic backgrounds. She then chaired Shell Australia for 2 years from early 2017. Search zoe yujnovich shell salary and check where the nearest petrol station is. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 6:30PM October 4, 2019. Our ambition is to become one of the most diverse and inclusive organisations in the world, a place where everyone including employees, customers, partners and suppliers feels valued and respected and has a strong sense of belonging. That said, I still look around at the industry as a whole and feel that there is still under-representation of women in senior leadership roles. In 2021, 47% of our graduate recruits were female, compared with 49% in2020. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. Get exclusive discounts on movie tickets, dining and popular attractions. Breaking news, sport, business and more. She joined Rio Tinto in 1996, after obtaining an engineering degree from the University of Western Australia, where she held roles including company president in Brazil and chief executive of the Iron Ore Company of Canada. She holds an engineering degree from the University of Western Australia and an Executive MBA from the University of Utah. For 2018 to 2019, 12.5% of the award was linked to free cash flow (FCF) and the remaining 37.5% was linked to a comparative performance condition which involves a comparison with four of our main competitors over the performance period, based on three performance measures. Most recently, she served as Executive Vice President Conventional Oil & Gas and was previously Chair and Executive Vice President Shell Australia Pty Ltd. She joined Shell from Rio Tinto in 2014 to lead the companys Oil Sands business in Canada. She has more than 25 years' experience in various aspects of industry, from frontline operations to project execution and strategic leadership. The remaining 67.5% is linked to the comparative performance condition mentioned above. Will His AI Plans Be Any Different? Sean Smith The West Australian. Shares are awarded subject to a three-year retention period. This was just short of our ambition to have 30% representation ofwomen in our senior leadership positions by 2021, but it was also anincrease of 1.7 percentage points compared with the end of 2020. Senior leadership positions comprises our top 1,250 leaders and is aShell measure based on salary group levels and is distinct from the termsenior manager in the statutory disclosures in the table below. The Toowoomba-born executive has a long history with QGC, which also supplies about 20 per cent of the east coast domestic gas market and was the worlds first plant to export LNG made from gas extracted from coal seams. The changes at the top in Australia come with Shell facing key decisions in regard to Arrow Energys Surat Basin project and its commitment to backing Woodside Petroleum in the $US20.5 billion Browse LNG project off the WA coast. The Audit Committee is also authorised to establish and monitor the implementation of procedures for the receipt, retention, proportionate and independent investigation and follow-up action of reported matters. Sean Smith. Leading the pack is former Shell Australia chairwoman Zoe Yujnovich, now a heavy hitter at the energy giants global headquarters in The Hague where she heads the worldwide conventional oil and gas business. As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. He joined Shell in 1988 and has held various HR positions across the Shell value chain, including regional roles in Europe and NE Asia/China, and global roles in HR Strategy & Regional Coordination, Retail and LPG. The average employee engagement score was 75 points out of 100. And I'm always expanding my knowledge to what I don't know I don't know. This plan enables them to make contributions from net pay towards the purchase of the Companys shares at a 15% discount to the market price, either at the start or at the end of anannual cycle, whichever date offers the lower market price. Shell said Godson Njoku, currently executive vice-president of production support and excellence, would step into Mr Nunan's role as vice-president east (Australia). These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. While maintaining this basic position, pragmatic, risk-based mitigations have been implemented whereappropriate to increase response speed and efficiency without undermining the intended purpose of our controls. Zo has lived in nine countries across five continents and sits on several not-for-profit Boards. On October 25, 2021, Wael succeeded Maarten Wetselaar as Integrated Gas, Renewables and EnergySolutions Director. We have sought at all times to conduct the job reductions process in accordance with our core values of honesty, integrity and respect for people. Her role in Australia will be filled by Tony Nunan, who currently heads up the oil and gas giant's operations in eastern Australia. We also seek to provide what they need if they areworking remotely. In 2021, in the USA we earned a perfect score of 100 points in the Human Rights Campaign Foundations Corporate Equality Index, a recognition we have earned annually since 2016. As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. Two of our LGBT+ colleagues were featured in the OUTstanding 2021 LGBT+ Future Leaders List. As of December 31, 2021, 8% of our Board members were from an ethnicminority. In certain circumstances, awards may beadjusted before delivery or subject to clawback after delivery. Separately, following the BG acquisition, certain employee share awards made in 2015 under BGs Long-term Incentive Plan were automatically exchanged for equivalent awards over shares in the Company. The employee numbers presented here are the full-time equivalent numberof people employed by Shell on a full- or part-time basis, workingin Shell subsidiaries, Shell-operated joint operations, seconded tonon-Shell-operated joint operations, or joint ventures and associates. Both appointments are effective Oct. 25, 2021. The remaining 33.75% was linked to the comparative performance condition. But I have found, and have come to appreciate, that for some, they gain energy from a walk in the park, or from visiting an art gallery, or from spending time with their kids or their family. Woodside Petroleum looks odds-on to have its first female chief executive, with the decision by Santos CEO Kevin Gallagher to remove himself from contention leaving two or three senior women oil and gas executives as the top candidates being talked about in the market. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. Industry sources argue that that the size of that bonus suggests that Mr Gallagher must effectively have been offered the Woodside role, confirming a view in the market that the board favours an external candidate to take the countrys biggest oil and gas producer into its next phase of development. Two years and two months (appointed January 2020). Offshore staff THE HAGUE, the Netherlands - Royal Dutch Shell plc has appointed Wael Sawan as Integrated Gas and Renewable and Energy Solutions Director and Zo Yujnovich as Upstream Director. 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But the things I don't know about are blind spots that have the potential to really create concern. Two years and eight months (appointed July 2019). But an ongoing energy crisis means oil prices could hover around $100 a barrel for a while, which legitimises hanging around in fossil fuels. Shell in the UK was one of the first FTSE 100 companies to voluntarilypublish ethnicity pay gap data in November 2020. We have set a recruitment ambition to have 8% black representation inour graduate and experienced hires by 2025, to increase representation in line with UK society through actions such as mentoring and outreach. Zoe Yujnovich became executive vice president and country chair of the Shell companies in Australia in April 2017, and will take over as executive vice president of conventional oil & gas and be based at The Hague in January 2020. 2021- heden1 jaar 5 maanden. These numbers exclude those in companies with their own HR systems. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. Our core values are undermined if decisions are taken which fall short of the expected standards of ethical behaviour and compliance. If you work on the basis Kevin was offered it, it must mean the board is willing to entertain a change of strategy, said one investor source, noting Ms ONeill may be favoured if the strategy is to remain unchanged and Woodside proceeds with its $16 billion Scarborough gas project in Western Australia as envisaged by Mr Coleman. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? The long stints of the last four CEOs add up to an unusually long average tenure of more than 10 years, about double the average on the ASX. Shell also indicated earlier this year that it wanted to make a final investment decision on the Surat Basin project but progress had been made more difficult by Queenslands decision to lift state royalties. We help to increase the appeal of working for Shell through flexible working options, supportive policies such as a global minimum maternity leave of 16 weeks, regular engagements between management and employees, and career development tools such as individual development plans, coaching andformal training. Our ethnic minority employees identified as Asian (13.1%), black (3.4%), mixed (2.4%) or another ethnic background (2.6%). Prior to joining Shell in 2014, Ms Yujnovich held frontline and management roles in mining across three continents. The opinions expressed are his own.). Mr Gallagher dropped out of the race after signing on to a $6 million incentive announced by Santos on Monday that will tie him to his current role until the end of 2025. In the UK, Shell was one of the first signatories to the Race at Work Charter of the Business in The Community organisation. We are focusing on the USA, UK and Netherlands because these are theShell hubs where we see the most significant opportunities for representation and inclusion of minority staff. Copyright 2023 S&P Global. The Shell plc Annual Report (this Report) serves as the Annual Report and Accounts in accordance with UK requirements for the year ended December 31, 2021, for Shell plc (the Company) and its subsidiaries (collectively referred to as Shell). The industry leader for online information for tax, accounting and finance professionals. See here for a complete list of exchanges and delays. Age : 46 Linked companies : Shell plc Summary Zo Yujnovich is a businessperson who has been the head of 6 different companies is on the board of Shell Canada Ltd. and Indian Pacific Ltd. and Upstream Director at Shell Plc. West Australian Zoe Yujnovich, widely seen as a contender for the now filled top job at Woodside Petroleum, has been promoted into Shells peak management body. We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. The BG option price (atadiscount of 20% to market value) was converted into an equivalent Company option price at a ratio agreed with HM Revenue and Customs. The Enablement and disability inclusion focus area is sponsored by Harry Brekelmans, Projects & Technology Director and Huibert Vigeveno, Downstream Director. In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. Itprovides insights into employees views and has had a consistently highresponse rate. Follow the topics, people and companies that matter to you. We are focusing on removing barriers and creating equality of opportunity in four strategic priority areas: gender; race and ethnicity; lesbian, gay, bisexual and transgender (LGBT+); and enablement and disabilities inclusion, as set out in our powering lives commitments to diversity and inclusion. Shell shares were trading at 26.8 euros. Our approach reinforces respect for people and provides psychological safety for our LGBT+ employees in line with our core values. The global oil and gas giant said late today that Ms Yujnovich, who was posted to Shells headquarters in The Hague from Australia last year, would take over as the groups director of upstream on October 25. In 2021, a total of 271,000 formal training days were provided for employees and joint-venture partners, compared with 234,000 in 2020and 373,000 in 2019. Subscribers with digital access can view this article. She has led Shell Australia for the past. The employee engagement score is based on a well-researched and validated model that combines satisfaction, motivation, affiliation, loyaltyand dedication. Zoe Yujnovich is executive vice-president of heavy oil at Shell Canada Ltd. One of the reasons I love the industry that I work for is the opportunity to experience different parts of the world. Both appointments are effective 25th October 2021. The table below shows actual employee numbers by geographical area. Some expect an announcement on the selection as early as the AGM, although it is uncertain whether that plan has been thrown out as a result of Mr Gallaghers withdrawal. As a result of different notice periods in various markets, people are continuing to leave until the end of 2022. I've learned just how much of an impact the mining industry had on communities, and I've since as I moved around the world and now moved into the oil and gas sector just come to appreciate how important and impactful we can be to our customers and to the communities that we operate with. In 2021, 78.5% of our UK employees identified as white and 21.5% were from an ethnic minority background. We introduced a global minimum standard for outplacement. Shell has said it has the best alignments across the Browse venture the company has ever seen, but Ms Yujnovich has also indicated several details needed to be thrashed out to avoid issues down the track. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Chief Financial Officer Tenure Appointed with effect from April 1, 2022 Age Born 1977 Nationality British Career Sinead was previously Executive Vice President, Finance, in Shell's global Upstream business. Opinions expressed are those of the author. Prior to joining Shell, she served in a number of management roles for Rio Tinto. None of the awards result in beneficial ownership until the shares vest. View whole Malaysia gas station latest petrol prices, address, openning hours, videos, photos, reviews, location, news on WapCar. Like more than 70 other CEOs he has made an organisational and personal commitment to accelerate the advancement of women, including women of colour, into senior leadership and board positions. Chief Executive Ben van Beurden, who has been in situ since the start of 2014, is likely to step down from the $192 billion oil giant next year, Reuters has reported read more . We believe that by achieving this ambition, we will contribute to a better and more equal world. Shell is one of more than 800 companies to have signed the Neptune Declaration, an international agreement sponsored by the Global Maritime Forum, promising to support seafarers during the COVID-19 pandemic. We aim to meet or exceed the target set by the external, UK-based Hampton-Alexander Review of having 33% female Board membership,progressing towards 50% or more representation. In October, Zo Yujnovich was appointed Upstream Director, joining Jessica Uhl, the Chief Financial Officer as the second woman on the eight-person Executive Committee. All are members of the Executive Committee (see Governance Framework). Musk Made a Mess at Twitter. Jessica Uhl was included in the OUTstanding 2021 Ally Executives Role Model List, which recognises business leaders who help create more inclusive workplaces. Australian Petroleum Production and Exploration Association, Executive Vice President & Country Chair of Shell Australia, Executive Vice President, Oil Sands Operations. A female appointee would stand out among the male-dominated ranks of CEOs of Australias listed oil and gas producers, where FAR Ltds Cath Norman has been one of the few in the past few years. But he now runs Shells Integrated Gas and Renewables arm which includes LNG and green activities like solar and wind. This shows in the increase in the number of completions and the corresponding rise in training person days(TPD) of 37,000 compared with 2020. Royal Dutch Shell PLC has appointed Wael Sawan as integrated gas and renewable and energy solutions (R&ES) director and Zo Yujnovich as upstream director. She was previously executive vice president of oil sands, based in Calgary. Everyone wants to make a real difference. Zoe Yujnovich, the current director of upstream, will head up a new directorate that combines the Integrated Gas and Upstream businesses. Zoe Yujnovich elevated to Shell's senior ranks with new promotion. We felt really at home here in Calgary, of course we miss Montreal, but Canada is a wonderful country to live in. The rate is low across a range of industries. Follow us on Twitter: @globe_careersOpens in a new window. She was previously executive vice president of oil sands, based in Calgary. From 2011 to 2013, he was Country Chair Russia and Executive Vice President for Russia and the Caspian region. Eligible employees of participating Shell companies in the UK may participate in the Shell All Employee Share Ownership Plan, under which monthly contributions from gross pay are made towards the purchase of the Companys shares. Sponsorship played a very important for my career. They were sitting at the boardroom table or around the leadership table, as roles were being considered and my name was being put forward as a possible candidate. Shell is a member of The Valuable 500, a global business group whichseeks to eliminate the exclusion of disabled people and ensure thatdisability remains a priority for company leaders. Copyright 2023 Surperformance. Around one-quarter of Shells global capital is invested in Australia, and it is integral to our global strategy to lead in LNG and move into power to provide more and cleaner energy as the system transitions from molecules to electrons in the decades ahead, she said. People all over the world want to come to work, be recognized for doing a great job, and contribute to something that energizes them. Shell is active in external organisations and activities thatadvance LGBT+ inclusion. Regular chances to win incredible prizes like luxury getaways and sports tickets with our subscriber exclusive competitions. In December 2021, we also launched a LinkedIn learning path called Spotlight Disability Inclusion: A Guide for Line Managers. Thiscollection of learning resources helps Shell line managers to becomemore confident about issues relating to disability inclusion. Integrated Gas, Renewables and Energy Solutions Director until October 2021 (appointed January 2016). Its very consistent in the equity market that no one is excited about Meg, the source said. That's what I try to focus on at this point in my career. See Zoe A Yujnovich's compensation, career history, education, & memberships. In 2009, Huibert was appointed Vice President Supply & Distribution, Europe and Africa. It's about finding out what gives you energy rather than what saps the energy from you. They are communicated to Shell employees and contract staff and, where necessary and appropriate, to agents and business partners. Watch and listen to a variety of WA true crime series, video channels and podcasts with commentary on news, politics and current affairs. Webelong to PurpleSpace, a networking and professional development hub for disabled employees, employee network leads and allies from allsectors and trades. We continued our home-working ergonomics programme, providing funding for proper office equipment for home use for 5,000 employees in addition to the 50,000 we assisted in 2020. Strategic Report signed on behalf of the Board, Governance of climate-related risks and opportunities, Impact of climate-related risks and opportunities, Safety, Environment and Sustainability Committee, Other regulatory and statutory information, three of our five largest energy-trading divisions are led by women, Note 4 The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The Shell Code of Conduct includes specific guidance forShellstaff, (which comprises employees and contract staff), on requirements to avoid or declare actual, potential or perceived conflictsofinterest, and on offering or accepting gifts and hospitality. In August, we launched our new organisational structure as part of the Reshape initiative. From 2021, 10% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. She has led Shell Australia for the past three years and in that time the company commissioned the $US10 billion ($14.8 billion) Prelude floating LNG facility. The stuff I know I don't know, I can actually get help and support on. BHPs head of petroleum Geraldine Slattery, an Ireland-raised physics graduate now based in Houston and with 25 years experience at the miners oil and gas division, is also said by some to be in the running, although others say not. He joined Shell in 1997 and worked in a variety of roles in each ofShells core business units: Upstream, Integrated Gas and Downstream. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . She is married with three children. Our approach starts with living up to our core values of honesty, integrity and respect for people. This allowed us to continue to invest in people and capabilities, while maintaining our focus on safety. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. Allegations of breaches of the Code of Conduct may be raised confidentially and anonymously through several channels, including theShell Global Helpline, which is operated by an independent provider.
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