2021- heden1 jaar 5 maanden. 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. 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 . But he now runs Shells Integrated Gas and Renewables arm which includes LNG and green activities like solar and wind. From 2011 to 2013, he was Country Chair Russia and Executive Vice President for Russia and the Caspian region. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The stuff I know I don't know, I can actually get help and support on. 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Ms Yujnovich will take up a key role in shaping Shells future in conventional oil and gas across 18 countries, excluding Australia, from January. The Shell Ethics and Compliance Office helps the businesses and functions to implement the ABC/AML and other programmes, assess risks and monitors and reports on progress. None of the awards result in beneficial ownership until the shares vest. Hosted by Bloomberg's Sonali Basak, "Next Big Risk" asks three titans of the financial industry what they see coming in the next 5 to 10 years. Ronan previously served as EVP HR for both the Downstream and Upstream International businesses in turn. It's somewhat subtle, but I think mentors tend to be more active in terms of perhaps guiding me on specific things. 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. Since Jan. 1 2014, when he took over, Shell shares have returned 67%, not as good as TotalEnergies(TTEF.PA) 85%, but appreciably better than domestic rival BP (BP.L) and U.S. peer Exxon Mobil (XOM.N). Governance of climate-related risks and opportunities, Impact of climate-related risks and opportunities, Safety, Environment and Sustainability Committee, Other regulatory and statutory information, Deputy Chair and Senior Independent Director, Chief Human Resources and Corporate Officer, Strategy, Sustainability and Corporate Relations Director, Integrated Gas, Renewables and Energy Solutions Director, Note 28 Zoe Yujnovich Shell executive vice president for conventional oil and gas since 2019, The Hague The Netherlands Yujnovich joined Shell in 2014 from Rio Tinto to manage the Dutch company's oil sands operation in Canada. In August, we launched our new organisational structure as part of the Reshape initiative. 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. 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. Facilitation payments are also prohibited. Zoe Yujnovich at Shell Canada, Calgary.Stephanie Leblond. 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. He also pulled off the $70 billion purchase of BG Group in 2016, which made it a leading force in liquefied natural gas (LNG). Shells business in Australia has constantly evolved over the past 118 years, and Ill pass on the baton to Tony inspired by the direction were heading to meet the changing needs of society.. Sponsors are the people who were advocating, perhaps, without my knowledge. All quotes delayed a minimum of 15 minutes. On January 1, 2020, Huibert succeeded John Abbott as Downstream Director and was appointed to the Executive Committee. Shell shares were trading at 26.8 euros. Shell has opted to shake up its leadership ranks in Australia as it beds down the recent acquisition of ERM Power and faces key investment decisions on multibillion-dollar gas projects. To support the Code of Conduct, we have mandatory risk-based procedures and controls that address a range of compliance risks and ensure that we focus resources, reporting and attention appropriately. 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). Subscribers with digital access can view this article. Two other senior executives, chief financial officer Sherry Duhe and sustainability and technology head Shaun Gregory, are thought not to have made the final line-up. Shell's board succession committee, headed by Chairman Andrew Mackenzie, has met several times in recent months to draw up plans for van Beurden's departure and interview potential successors to the 64-year-old Dutchman, the sources told Reuters. See Note 22 to the Consolidated Financial Statements. This new structure was created with the aim of reducing costs and making us a more competitive organisation that is agile and better able to respond to customers. Opinions expressed are those of the author. Violation of the Code of Conduct or its policies can result in disciplinary action, up to and including contract termination or dismissal. The new division, which combines Shell's most profitable operations, will be headed by current upstream director Zoe Yujnovich, the company said in a statement on Monday. This included offering funding to new joiners for home-use office equipment. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. Shell in the UK was one of the first FTSE 100 companies to voluntarilypublish ethnicity pay gap data in November 2020. Separately, following the acquisition of BG, certain participants in the BGSharesave Scheme chose to roll over their outstanding BG share options into options over the Companys shares. Our kids grew up in Montreal and so have a very strong language in French. Donny was previously General Counsel for Projects & Technology, based in the Netherlands. These will help us to continue toembed inclusive behaviours in our culture. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. View whole Malaysia gas station latest petrol prices, address, openning hours, videos, photos, reviews, location, news on WapCar. The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. Ms Yujnovich, who upset the Morrison government before the May federal election by suggesting Australia should consider re-introducing a price on carbon, said Shells business continued to evolve with a focus on cleaner energy. He joined Shell in 1997 and worked in a variety of roles in each ofShells core business units: Upstream, Integrated Gas and Downstream. New CEO took office Jan. 1 LONDON, Jan 30 (Reuters) - Shell (SHEL.L) will combine its oil and gas production and liquefied natural gas (LNG) divisions as part of broader changes under new CEO. In an industry where women have been traditionally underrepresented, three of our five largest energy-trading divisions are led by women. Everyone wants to make a real difference. Zoe Yujnovich was appointed the Executive Vice President, Heavy Oil on January 1, 2016. Venture capitalists swap Paris Hilton for Al Gore, US blacklisting is no match for TikTok virality, Theres hope beyond moaning for European telcos, Adani contrarian is a win for Hindenburg, too, Exclusive news, data and analytics for financial market professionals. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . Six years and two months (appointed January 2016). In 2008, he was appointed Head of Legal at Shell Singapore, having served as Associate General Counsel for Gas & Power in Asia-Pacific. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Two years and eight months (appointed July 2019). The proportion of voluntary resignations in Shell was 4.4% in 2021 compared with 2.6% in 2020. Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements. Shell Australia chair Zoe Yujnovich is charged with keeping 300 workers on a floating gas plant safe while producing energy and managing ever-growing public expectations. We investigate all good-faith allegations of breaches of the Code ofConduct, however they are raised. These options are normally exercisable after completion of a three-year orfive-year contractual savings period. This was a one-off share award granted to all eligible employees of Shell on June 18, 2021. 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. . Musk Made a Mess at Twitter. 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 are committed to ensuring allsuch incidents are investigated by specialists in accordance with our Investigation Principles. Both appointments are effective Oct. 25, 2021. He used to head oil production. We also provided tips on setting up and maintaining good ergonomics, working with others virtually and maintaining productivity. This button displays the currently selected search type. 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). In 2021, 65% of our US employees were white; 33.2% were people ofcolour, with 13% Asian, 11.8% Hispanic/Latino, 8.4% black, and 1.8%in the Other category. In 2021, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. Zoe's career began in Australia with front line work in a number of mining roles. Eligible employees in participating countries may participate in the GlobalEmployee Share Purchase Plan. We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. The support has included providing access to vaccines. The problem for Andrew Mackenzie, the Shell chair tasked with identifying Van Beurdens successor, is that the British energy giant is pulled in opposite directions. This is a membership organisation thatbrings business leaders, disabled people, and government together to understand how to improve the life opportunities and experiences ofdisabled people in employment, the economy and wider society. There were a total of 87,000 employees atDecember 31, 2020, and December 31, 2019. Shell will combine its oil and gas production and liquefied natural gas (#LNG) divisions as part of broader changes under new CEO Wael Sawan, which the company 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. We enable, develop and improve their leadership qualities through global learning programmes, short- and long-term international assignments, and offering the possibility of moving between roles in different parts of the organisation. Shell Upstream Director Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. 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. Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. We launched two mandatory training courses for all staff in 2021: Respect in the Workplace and Conscious Inclusion. By making a commitment to our core values of honesty, integrity and respect for people, and by following the Code of Conduct, we protect Shells reputation. Employees who are about to leave typically have a lower response rate than those who plan to stay with a company. We co-sponsored the UK 2021 Race at Work survey conducted bythemembership organisation Business in the Community. Get exclusive discounts on movie tickets, dining and popular attractions. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. The employee engagement score is based on a well-researched and validated model that combines satisfaction, motivation, affiliation, loyaltyand dedication. Inthe UK, we partnered with PurpleSpace to launch a personal development programme called Empowered and enABLED to support employees with disabilities to build inner confidence, develop a sense of community and advocate for any adjustments or accommodations they require. These awards vest at the end of a one-year period. At Shell, we seek to provide a safe, caring and inclusive environment forLGBT+ and PWD (people with disabilities) staff so that they can bethemselves and reach their full potential. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". From 2017 no further grants weremade under this plan. Prior to joining Shell, she served in a number of management roles for Rio Tinto. That's what I try to focus on at this point in my career. We have migrated to virtual courses and their uptake has increased from2020, when people were still new to the virtual ecosystem. These standards are set out in the Shell General Business Principles and our Code of Conduct. I know what I know, I know what I don't know, and I don't know what I don't know. On October 25, 2021, Zo succeeded Wael Sawan as Upstream Director and was appointed to the Executive Committee. 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. 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. Zo has lived in nine countries across five continents and sits on several not-for-profit Boards. She is married with three children. He joined Shell in 1988 and has held roles in Shells Upstream, Integrated Gas, and Downstream businesses and our Projects & Technology organisation. I used to be far more extroverted; I used to get a lot of energy from being around people and liked to be the one who talked more. Under the Performance Share Plan (PSP), 50% of the award is linked to certain indicators described in Performance indicators, averaged over the performance period. 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. 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. See here for a complete list of exchanges and delays. Previously she was Country Chair for Shells businesses in Australia and New Zealand and Executive Vice President for Oil Sands in Canada. Our approach starts with living up to our core values of honesty, integrity and respect for people. As a woman in a male-dominated sector, I've had a very positive experience. 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 . 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. The successor shortlist includes Wael Sawan, Shell's head of integrated gas and renewables and Huibert Vigeveno, who heads the company's refining operations of downstream. Both appointments are effective 25th October 2021. One of the things that strikes me is just the generosity and the care in Canadian people. The new division, which combines Shell's most profitable operations, will be headed by current upstream director Zoe Yujnovich, Shell said in a statement on Monday. We also seek to provide what they need if they areworking remotely. Neither she nor Ms Slattery has experience as CEO of a listed oil and gas producer, with the same for Ms ONeill. 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. Looking back now, I certainly didn't have that in university. In certain circumstances, awards may beadjusted before delivery or subject to clawback after delivery. 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. They say that favours Ms Yujnovich securing the role rather than Ms ONeill, despite the latters excellent track record in development, both at Woodside and previously with ExxonMobil. We are part ofBlack Representation in Marketing (BRiM), a UK initiative to improve the representation of black people in marketing. We combined the home-working ergonomics programme with WPA to help all employees including thosewith disabilities to work from home effectively during the COVID-19 pandemic. Senior manager is defined in section 414C(9) of the Companies Act 2006 and, accordingly, the number disclosed comprises the Executive Committee members who were not Directors of the Company, and other directors of Shell subsidiaries. Our ethics and compliance requirements are articulated through ourpolicies, standards and procedures and supported by the Ethical Decision-Making Framework, a tool to help staff think through and discuss, in a structured way, the legal, ethical and external consequences of decisions. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Under the Long-term Incentive Plan (LTIP) awards made in 2018, 25% of the award is linked to the FCF measure and the remaining 75% is linked to the comparative performance conditions mentioned above. 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. Zoe Yujnovich, who heads oil exploration, and Sinead Gorman, who recently joined as chief financial officer, are both well thought of. We monitor and report internally on adherence to select ethics and compliance requirements, such as mandatory training completion andduediligence screening. From 2021, 20% of the award is linked to the FCF measure and 20% is linked to an energy transition measure. 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. Wehaveachieved this target. In the UK, Shell was one of the first signatories to the Race at Work Charter of the Business in The Community organisation. She has more than 25 years' experience in various aspects of industry, from frontline operations to project execution and strategic leadership. That's really been what fuels my passion. Prior to joining Shell in 2014, Ms Yujnovich held frontline and management roles in mining across three continents. The Reshape initiative in 2021 involved job reductions in line with our expectation that around 8,000 jobs will be reduced by the end of 2022. 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. We are working to advance LGBT+ inclusion within Shell. In 2021 Board members had virtual staff engagements and visited some sites such as Qatar, Shell Pernis, and Pennsylvanian Chemicals park to have direct engagement with staff. Copyright 2023 Surperformance. Fri, 15 October 2021 1:02AM. The Enablement and disability inclusion focus area is sponsored by Harry Brekelmans, Projects & Technology Director and Huibert Vigeveno, Downstream Director. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. The table below shows actual employee numbers by geographical area. The global . 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. The Business Integrity Department isaspecialist investigative unit within Shell Internal Audit that is responsible for managing the Shell Global Helpline and the Group level incident management procedures. This included acting as Executive . Regular chances to win incredible prizes like luxury getaways and sports tickets with our subscriber exclusive competitions. Zoe Yujnovich elevated to Shell's senior ranks with new promotion. Eight years and one month (appointed February 2014). 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. In 2021, 47% of our graduate recruits were female, compared with 49% in2020. 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. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. We introduced a global minimum standard for outplacement. 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. 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. In certain circumstances, awards may be adjusted before delivery or subject to clawback after delivery. For every six shares purchased by the employee, one matching share is provided at no cost to the employee. 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.