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Our Real Estate teams developed guidance on returning to site safely for all of our locations. The remaining 67.5% is linked to the comparative performance condition mentioned above. None of the awards result in beneficial ownership until the shares vest. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. As of December 31, 2021, 8% of our Board members were from an ethnicminority. During his tenure van Beurden oversaw Shell's biggest acquisition in decades, steered the company through two major downturns and a pivotal move to slash greenhouse emissions. Eight years and one month (appointed February 2014). Previously she was Country Chair for Shells businesses in Australia and New Zealand and Executive Vice President for Oil Sands in Canada. 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. Legal counsel provides legal advice globally and supports the implementation of programmes. Zoe Yujnovich, who heads oil exploration, and Sinead Gorman, who recently joined as chief financial officer, are both well thought of. Allegations may be raised confidentially and anonymously through several channels, including a Shell Global Helpline operated by an independent provider. The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. 6:30PM October 4, 2019. 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 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). 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. See here for a complete list of exchanges and delays. 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. Opinions expressed are those of the author. The employee engagement score is based on a well-researched and validated model that combines satisfaction, motivation, affiliation, loyaltyand dedication. 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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. Shell shares were trading at 26.8 euros as of 1000 GMT on Sept. 2, up 1.7%. We also seek to provide what they need if they areworking remotely. 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. This included acting as Executive . We have around 3,000 people that are leaving on SVS. Green energy, currently a trifling contributor to revenue, could be the key to supporting Shells long-term revenue growth. Click on a photograph to read the full biography, Seven years and five months (appointed October 2014). 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. Strong engagement helps us to accelerate our peoples development, enhance our leadership capabilities and improve employee performance. 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 2019 and 2020, 22.5% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. This interview has been edited and condensed. This button displays the currently selected search type. First launched intheUK in 2005, we now have 14 enABLE networks globally. Shares are awarded subject to a three-year retention period. 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. This decrease was probably because of the timing of the survey, as many employees who were invited to take part were on a notice period before exiting Shell because of the Reshape reorganisation. In 2021, we continued to support our people and assist in the fight against COVID-19. The support has included providing access to vaccines. 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. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. Facilitation payments are also prohibited. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. Woodside had declined to comment on the status of the CEO search on Tuesday ahead of an expected update from chairman Richard Goyder at the annual shareholder meeting in Perth on Thursday. I know what I know, I know what I don't know, and I don't know what I don't know. From 2017 no further grants weremade under this plan. As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. Search zoe yujnovich shell salary and check where the nearest petrol station is. 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. The opinions expressed are his own.). Zoe Yujnovich elevated to Shell's senior ranks with new promotion. This result gives Shell one ofthe leading employee engagement scores across a range of industries. We provide our people with what they need to work in our offices and other locations, with flexibility for staff based on their reasonable business and personal needs. 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. The table below shows actual employee numbers by geographical area. For further information on stakeholder engagement, see Governance. 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. Under the Performance Share Plan (PSP), 50% of the award is linked to certain indicators described in Performance indicators, averaged over the performance period. 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. 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. Ed was previously Executive Vice President Strategy, Portfolio & Sustainability. Sean Smith The West Australian. Six years and two months (appointed January 2016). 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. 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. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). Before that, John Akehurst joined from Woodsides then cornerstone shareholder Shell, initially seconded into the Australian company before taking over as CEO two years later from Charles Allen, who was in the role for 16 years. 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. Jessica Uhl was included in the OUTstanding 2021 Ally Executives Role Model List, which recognises business leaders who help create more inclusive workplaces. The deal was seen as a precursor to Shell eventually competing in the consumer space against the likes of Origin Energy and AGL. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Shell Upstream Director Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. In 2021, 78.5% of our UK employees identified as white and 21.5% were from an ethnic minority background. That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. Shell is active in external organisations and activities thatadvance LGBT+ inclusion. 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. 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. But in essence, there is a really strong commonality. This article was published more than 6 years ago. Watch and listen to a variety of WA true crime series, video channels and podcasts with commentary on news, politics and current affairs. Australian Petroleum Production and Exploration Association, Executive Vice President & Country Chair of Shell Australia, Executive Vice President, Oil Sands Operations. This documentary-style series follows investigative journalists as they uncover the truth. But an ongoing energy crisis means oil prices could hover around $100 a barrel for a while, which legitimises hanging around in fossil fuels. View whole Malaysia gas station latest petrol prices, address, openning hours, videos, photos, reviews, location, news on WapCar. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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. We will also become a stronger organisation, with a richness ofexperience and views to guide us. Zoe A Yujnovich is Exec VP/Dir:Upstream at Shell PLC. Our Standards: The Thomson Reuters Trust Principles. Climate change and energy transition. 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. LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. The industry leader for online information for tax, accounting and finance professionals. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. But he now runs Shells Integrated Gas and Renewables arm which includes LNG and green activities like solar and wind. 2021- heden1 jaar 5 maanden. 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. Directors and Senior Management. Zoe Yujnovich was appointed the Executive Vice President, Heavy Oil on January 1, 2016. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. Employees who are about to leave typically have a lower response rate than those who plan to stay with a company. On October 25, 2021, Zo succeeded Wael Sawan as Upstream Director and was appointed to the Executive Committee. While she admits to "pinching myself" over her appointment to run the local arm of Shell, which is easily Australia's biggest oil and gas producer and has a workforce of more than 2000 . Zoe Yujnovich and Wael Sawan get major roles, while exiting Maarten Wetselaar will become Cepsa chief executive 15 October 2021 10:05 GMT Updated 15 October 2021 11:41 GMT By Vladimir Afanasiev 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. We aim to increase racial and ethnic representation across our workforce so that we better reflect the communities in which we work and live. Zoe Yujnovich, the current director of upstream, will head up a new directorate that combines the Integrated Gas and Upstream businesses. 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. Violation of the Code of Conduct or its policies can result in disciplinary action, up to and including contract termination or dismissal. Our CEO Ben van Beurden is a Catalyst CEO Champion for Change. In 2021, 47% of our graduate recruits were female, compared with 49% in2020. 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. 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. 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. Subscribers with digital access can view this article. Huibert was previously Executive Vice President Global Commercial. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. 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. Zo has lived in nine countries across five continents and sits on several not-for-profit Boards. Everyone wants to make a real difference. Copyright 2023 Surperformance. Note 27 to the Consolidated Financial Statements provides the average number of employees by business segment. 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 . See Note 22 to the Consolidated Financial Statements. 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. Zo has held various management positions in Downstream, Integrated Gas and Upstream. The forum now has 14 chapters globally. 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. 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. How much flexibility the new CEO will have to potentially refresh Woodsides investment strategy has been a key point of debate among investors as the oil and gas major targets a go-ahead for Scarborough in the December half. 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. Fri, 15 October 2021 1:02AM. Comments. 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? In the UK, Shell was one of the first signatories to the Race at Work Charter of the Business in The Community organisation. On January 1, 2020, Huibert succeeded John Abbott as Downstream Director and was appointed to the Executive Committee. Shell was rated as a top employer inthe Workplace Pride Global Benchmark 2021 survey, with a score of 92.4%. We pay particular attention to our due diligence procedures when dealing with third parties. 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. Itprovides insights into employees views and has had a consistently highresponse rate. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. 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. Follow the topics, people and companies that matter to you. 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. 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. 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. Subscribers with digital access can view this article. Zoe Yujnovich joined Shell in 2014 as Vice President Oil Sands Joint Venture, based in Calgary, Alberta. 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 rate is low across a range of industries. 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. This allowed us to continue to invest in people and capabilities, while maintaining our focus on safety. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Under the Restricted Share Plan, awards are made on a highly selective basis to senior staff. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. We provide support and make adjustments for people with disabilities during the recruitment process and throughout their careers with Shell. Shell has a global LGBT+ forum consisting of LGBT+ colleagues and allies. He joined Shell in 1988 based in Australia and then moved to Hong Kong and later to London. 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. To further support staff with disabilities, we have created internal employee resource groups, including the enABLE networks that support and highlight the work of disabled employees in Shell. Thisincludes equal access to valuable educational resources, training programmes, and emphasis on personal and professional development. In 2021, learners embraced the virtual courses. The stuff I know I don't know, I can actually get help and support on. 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. Follow us on Twitter: @globe_careersOpens in a new window. We promote equal opportunity and create an environment where people feel included, regardless of sexual orientation or gender identity. She has more than 25 years' experience in various aspects of industry, from frontline operations to project execution and strategic leadership. 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. For 2020, 11.25% of the award was linked to the FCF measure and 5% was linked to an energy transition measure. We have migrated to virtual courses and their uptake has increased from2020, when people were still new to the virtual ecosystem. Our approach starts with living up to our core values of honesty, integrity and respect for people. 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. 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. Breaking news, sport, business and more. These numbers exclude those in companies with their own HR systems. Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. It's not a time to focus; it's actually a time to lose focus and try not to have my mind filled with too many distractions. 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. Both appointments are effective Oct. 25, 2021. She is married with three children. In certain circumstances, awards may beadjusted before delivery or subject to clawback after delivery. In August, we launched our new organisational structure as part of the Reshape initiative. 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. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. In November 2021, Harry played a key role in the partnership of Shell with energy technology firm Baker Hughes Co., in an effort to help the partnership achieve their targets of net-zero carbon emissions. He used to head oil production. (Source: Royal Dutch Shell Plc) Royal Dutch Shell Plc on Oct. 15 named Zo Yujnovich as upstream director, replacing Wael Sawan who will now head Shell's integrated gas and . In 2021, weformed the Global enABLEMENT Coalition, an internal forum bringing together enABLE networks and functions to create an inclusive, accessible and psychologically safe workplace for people with disabilities. In 2012 he became Executive Chair of Shell in China, and in 2016 led the integration of BG Group. Webelong to PurpleSpace, a networking and professional development hub for disabled employees, employee network leads and allies from allsectors and trades. But the things I don't know about are blind spots that have the potential to really create concern. 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. Zoe Yujnovich. We are launching mandatory anti-racism training for all US staff. 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. We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. 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. We felt really at home here in Calgary, of course we miss Montreal, but Canada is a wonderful country to live in. In 2009, Huibert was appointed Vice President Supply & Distribution, Europe and Africa. 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. Some information may no longer be current. There are many differences across cultures, some a bit obvious like the food we eat and the things we do. That's really been what fuels my passion. This award supports employee engagement in the Powering Progress strategy. Neither she nor Ms Slattery has experience as CEO of a listed oil and gas producer, with the same for Ms ONeill. 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.