This isadecrease of three points compared with 2020 but still reflects the resilience of our people in a year of change. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Sponsorship played a very important for my career. He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. Under all plans, 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. 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. Ms Yujnovich will take up a key role in shaping Shell's future in conventional oil and gas across 18 countries, excluding Australia, from January. Climate change and energy transition. Now, I actually really value listening to others before I speak. 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. We have also pledged support for the UN Standards of Conduct for Business that aim to eliminate discrimination against lesbian, gay, bisexual, transgender and intersex (LGBTI) people. 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. 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. LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. Wael was previously the Upstream Director and amember of the Executive Committee. 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. Dutchman Huibert Vigeveno heads Shells refining operations, which have been making money hand over fist amid record refining margins. There are many differences across cultures, some a bit obvious like the food we eat and the things we do. 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). 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). 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. Huibert Vigeveno, the current downstream director, will . See here for a complete list of exchanges and delays. Zoe Yujnovich - Business News 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. 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. In 2021, the response rate was 83%, a decrease of 3.1percentage points compared with 2020. Subscribers with digital access can view this article. Gemarkeerd als interessant door Zoe Yujnovich Neem nu deel om alle activiteiten te bekijken Ervaring Shell 8 jaar 5 maanden Upstream Director Shell okt. Supported by functions such as Shell Health, HR, Real Estate andIT, WPA is designed to ensure that all employees have access to reasonable physical workplace or other adjustments so that they can workeffectively and productively. As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. Economic Club of Canada - Zoe Yujnovich 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. 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. These standards are set out in the Shell General Business Principles and our Code of Conduct. BHP's Geraldine Slattery leads pack to replace Peter Coleman at Woodside Number of selected key business countries. Fri, 15 October 2021 1:02AM. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. These numbers exclude those in companies with their own HR systems. 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. 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. Shell makes executive committee changes | Offshore Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. None of the awards result in beneficial ownership until the shares vest. Looking back now, I certainly didn't have that in university. 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. Australian Petroleum Production and Exploration Association, Executive Vice President & Country Chair of Shell Australia, Executive Vice President, Oil Sands Operations. See Zoe A Yujnovich's compensation, career history, education, & memberships. Ed was previously Executive Vice President Strategy, Portfolio & Sustainability. He used to head oil production. We monitor and report internally on adherence to select ethics and compliance requirements, such as mandatory training completion andduediligence screening. This was a one-off share award granted to all eligible employees of Shell on June 18, 2021. The support has included providing access to vaccines. People all over the world want to come to work, be recognized for doing a great job, and contribute to something that energizes them. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The market would like to see them go external.. I know what I know, I know what I don't know, and I don't know what I don't know. Get notifications in MyBN when activity occurs. We are working to advance LGBT+ inclusion within Shell. The opinions expressed are his own.). Shell also acquired business electricity retailer ERM Power in a $617 million deal in August that provided evidence it was serious about launching into the broader energy retailing market in the eastern states . He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. Zoe Yujnovich, chairman, Shell Australia: 'I really believe in what we Her role in Australia will be filled by Tony Nunan, who currently heads up the oil and gas giant's operations in eastern Australia. The shake-up will see Shell Australia chairman Zoe Yujnovich move to company headquarters at The Hague. 6:30PM October 4, 2019. However Ms Yujnovich, an Australian by birth, is said to be so well regarded in Shell that she could be in line for the upper echelons of management were she to remain in place for another few years. This is the percentage of senior local nationals (those working in their respective base country and those expatriated) against the total number of senior leadership positions intheirbase country. My passion has been around trying to make a difference in how we contribute to developing the world from the resources that we have. Ms Yujnovich said on Friday that Australia was central to Shells LNG business and for its plans to move into providing cleaner energy. We are part ofBlack Representation in Marketing (BRiM), a UK initiative to improve the representation of black people in marketing. We promote equal opportunity and create an environment where people feel included, regardless of sexual orientation or gender identity. This included offering funding to new joiners for home-use office equipment. 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. This article was published more than 6 years ago. Shell announces changes to Executive Committee | Shell Global Opinions expressed are those of the author. From 2021, 10% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. 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. Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. This interview has been edited and condensed. 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. Directors and Senior Management. Eight years and one month (appointed February 2014). Sean Smith. Zoe Yujnovich elevated to Shell's senior ranks with new promotion. As of December 31, 2021, there are no outstanding UK Sharesave or BG Sharesave options. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . Both appointments are effective Oct. 25, 2021. Zo Yujnovich Maurice B. Shaw on LinkedIn: Shell to combine its integrate gas For 2020, 11.25% of the award was linked to the FCF measure and 5% was linked to an energy transition measure. See Note 22 to the Consolidated Financial Statements. Follow the topics, people and companies that matter to you. Theoutstanding awards take the form of nil-cost options. Zo Yujnovich will become the second woman on Shell's eight-strong executive committee. 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. We launched two mandatory training courses for all staff in 2021: Respect in the Workplace and Conscious Inclusion. Advice for leaders: You can't look away anymore I am an extrovert-turned-introvert. Zoe Yujnovich. 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. This ensured that all employees whowere leaving Shell had access to an independent professional careercoach who could offer individualised support. We have migrated to virtual courses and their uptake has increased from2020, when people were still new to the virtual ecosystem. For further information on stakeholder engagement, see Governance. 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. 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. 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. With over twenty years' experience in the mining industry, Zoe now leads Shell's Athabasca Oil Sands Project (AOSP) which includes the Albian Sands mining facilities and the Scotford Upgrader. For me, it's really about making sure that I have the time, or create the time, to spend the time that you need to look after your own health, to look after the family, and to make sure your key relationships are good. 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. Most recently she was Executive Vice President for Shells Conventional Oil & Gas business with operations in 19 countries. 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). We felt really at home here in Calgary, of course we miss Montreal, but Canada is a wonderful country to live in. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. In an industry where women have been traditionally underrepresented, three of our five largest energy-trading divisions are led by women. View whole Malaysia gas station latest petrol prices, address, openning hours, videos, photos, reviews, location, news on WapCar. Shell to combine its integrate gas, upstream businesses As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). Prior to joining Shell, she served in a number of management roles for Rio Tinto. Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. It's about finding out what gives you energy rather than what saps the energy from you. In 2021, 47% of our graduate recruits were female, compared with 49% in2020. 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. Previously she was Country Chair for Shells businesses in Australia and New Zealand and Executive Vice President for Oil Sands in Canada. Shell has promoted Australian boss Zoe Yujnovich to The Hague to head its global oil and gas operations, triggering a major local leadership shake-up. LONDON, Sept 2 (Reuters Breakingviews) - Shell (SHEL.L) is about to get a new boss. As told to Karl Moore and Aya Schechner. The lead internal candidate is US-born Meg ONeill, who has responsibility for development and marketing and was singled out by current chief executive Peter Coleman as a potential successor when she joined Woodside from Mr Colemans former employer, ExxonMobil in 2018. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. Green energy, currently a trifling contributor to revenue, could be the key to supporting Shells long-term revenue growth. Throughout the Reshape process, we have aimed to support those facing job reductions by helping them to find and engage with internal and external opportunities to reskill and upskill. All rights reserved. These will help us to continue toembed inclusive behaviours in our culture. 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. Zo Yujnovich was appointed Shells Upstream Director and joined the Executive Committee in October 2021. Its very consistent in the equity market that no one is excited about Meg, the source said. Shell is Woodside's biggest partner in the Browse project and both Woodside and Shell are facing pressure from the Morrison government to proceed. Whether Woodsides new CEO will expand the Pluto LNG project is a point of debate among investors. She has more than 25 years experience in various aspects of industry, from frontline operations to project execution and strategic leadership. 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. We are creating an environment where people with disabilities can excel. 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. Under the Performance Share Plan (PSP), 50% of the award is linked to certain indicators described in Performance indicators, averaged over the performance period. 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 button displays the currently selected search type. Our Real Estate teams developed guidance on returning to site safely for all of our locations. Breakingviews: Shell's next boss looks a shoo-in | Reuters In the Netherlands, we began implementing our first Ethnic Inclusion action plan and established an employee sounding board to support thisprocess. 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. 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. We also seek to provide what they need if they areworking remotely. Musk Made a Mess at Twitter. Some information may no longer be current. West Australian Newspapers Limited 2023, From broken home to using hallucinogens, Harry tells all, Widely distributed power sources depend on smart meters, Sunrise gas project a conundrum for Albanese and activists, The real truth behind super tax firestorm. 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. We will also become a stronger organisation, with a richness ofexperience and views to guide us. The rate is low across a range of industries. The remaining 67.5% is linked to the comparative performance condition mentioned above. Zoe A Yujnovich is Exec VP/Dir:Upstream at Shell PLC. Both appointments are effective 25th October 2021. Get the news you want delivered straight to your inbox so you never miss a headline. These awards vest at the end of a one-year period. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Sinead Gorman | Shell Global The proportion of voluntary resignations in Shell was 4.4% in 2021 compared with 2.6% in 2020. With over twenty years of global experience in the mining industry, Zoe joined Shell in 2014 as Vice President Oil Sands Joint Venture. Jessica Uhl was included in the OUTstanding 2021 Ally Executives Role Model List, which recognises business leaders who help create more inclusive workplaces. 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. That's what I try to focus on at this point in my career. These options are normally exercisable after completion of a three-year orfive-year contractual savings period. Internal investigations confirmed 181 substantiated breaches of the Code of Conduct in 2021. We want everyone to have a strong sense of belonging, irrespective of our differences. 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. 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 We also provided resources for our employees under the Care-for-Self programme. Copyright 2023 Surperformance. There were a total of 87,000 employees atDecember 31, 2020, and December 31, 2019. This total consisted of employees at Shell and employees at certainUpstream, Downstream and Renewables and Energy Solutions companies that operate more autonomously than other Shell subsidiaries and maintain their own HR systems. Management regularly engages with our employees, including internally elected employee representatives, through a range of formal and informal channels. The Shell Ethics and Compliance Office regularly reviews and revises all ethics and compliance programmes to ensure they remain up to date with applicable laws, regulations and best practices. 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. As a result of different notice periods in various markets, people are continuing to leave until the end of 2022. She then chaired Shell Australia for 2 years from early 2017. 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. That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. Performing competitively in the evolving energy system requires competent and empowered people working safely togetheracross Shell. In line with the UN Global Compact Principle 10 (businesses should workagainst corruption in all its forms, including extortion and bribery), we maintain a global anti-bribery and corruption/anti-money laundering (ABC/AML) programme designed to prevent, detect, remediate and learnfrom potential violations. Ms Yujnovich will take up a key role in shaping Shells future in conventional oil and gas across 18 countries, excluding Australia, from January. On October 25, 2021, Wael succeeded Maarten Wetselaar as Integrated Gas, Renewables and EnergySolutions Director. She said in June that while there was agreement the Browse field would be the "anchor tenant" to provide replacement gas for the North West Shelf venture, there needed to be opportunities to "optimise" the timing of Browse and how to fill spare capacity at the LNG plant arising before Browse gas comes online. Sponsors are the people who were advocating, perhaps, without my knowledge. From 2017 no further grants weremade under this plan. She was previously executive vice president of oil sands, based in Calgary. Ronan previously served as EVP HR for both the Downstream and Upstream International businesses in turn. In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. We seek to ensure everyone atShell has equal opportunities and feels included. 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). Shares are awarded subject to a three-year retention period. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. For every six shares purchased by the employee, one matching share is provided at no cost to the employee. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. We also provided tips on setting up and maintaining good ergonomics, working with others virtually and maintaining productivity. Shell Names New Upstream Director after Wael Sawan Moves to Renewables Two of our LGBT+ colleagues were featured in the OUTstanding 2021 LGBT+ Future Leaders List. An external hire would extend the companys recent track record of tapping outside executives to helm Woodside, with Mr Coleman and his predecessor Don Voelte both recruited from outside. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking.