Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. 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. In 2021, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. From 2021, 20% of the award is linked to the FCF measure and 20% is linked to an energy transition measure. See Zoe A Yujnovich's compensation, career history, education, & memberships. The forum now has 14 chapters globally. They are communicated to Shell employees and contract staff and, where necessary and appropriate, to agents and business partners. The stuff I know I don't know, I can actually get help and support on. We have migrated to virtual courses and their uptake has increased from2020, when people were still new to the virtual ecosystem. We launched two mandatory training courses for all staff in 2021: Respect in the Workplace and Conscious Inclusion. 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. Two years and eight months (appointed July 2019). I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. As a woman in a male-dominated sector, I've had a very positive experience. Its very consistent in the equity market that no one is excited about Meg, the source said. Zoe Yujnovich at Shell Canada, Calgary.Stephanie Leblond. 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. In 2021, 78.5% of our UK employees identified as white and 21.5% were from an ethnic minority background. There are many differences across cultures, some a bit obvious like the food we eat and the things we do. 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. But he now runs Shells Integrated Gas and Renewables arm which includes LNG and green activities like solar and wind. The Senior Management of the Company comprises the Executive Directors, Ben van Beurden and Jessica Uhl, and those listed below. We benchmark ourselves externally, with consistent top-tier results. He joined Shell in 1995 as a business analyst and led many Downstream businesses across Shell in Europe, Africa, North and South America as well as Asia. The remaining 60% is linked to the comparative performance condition. The deal was seen as a precursor to Shell eventually competing in the consumer space against the likes of Origin Energy and AGL. 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. 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. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements. We aim to increase racial and ethnic representation across our workforce so that we better reflect the communities in which we work and live. Some information may no longer be current. From 2017 no further grants weremade under this plan. We have around 3,000 people that are leaving on SVS. This was a one-off share award granted to all eligible employees of Shell on June 18, 2021. 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. I gain a lot of energy by keeping fit, and I enjoy competing in half and full marathons. 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. 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 will also become a stronger organisation, with a richness ofexperience and views to guide us. All rights reserved. This included offering funding to new joiners for home-use office equipment. There are many, many things that contribute to that, but I strongly advocate that our companies should be reflective of the diversity of our communities. 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. 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. 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. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Wehaveachieved this target. We are working to advance LGBT+ inclusion within Shell. 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. Get notifications in MyBN when activity occurs. 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. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. The industry leader for online information for tax, accounting and finance professionals. Ms Yujnovich will take up a key role in shaping Shells future in conventional oil and gas across 18 countries, excluding Australia, from January. 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. 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. And I'm always expanding my knowledge to what I don't know I don't know. 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 Note 27 to the Consolidated Financial Statements provides the average number of employees by business segment. All Rights Reserved. In 2021, the response rate was 83%, a decrease of 3.1percentage points compared with 2020. 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. 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. 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. 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. Everyone wants to make a real difference. Get exclusive discounts on movie tickets, dining and popular attractions. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. She has more than 25 years' experience in various aspects of industry, from frontline operations to project execution and strategic leadership. Both appointments are effective Oct. 25. 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. Options havebeen granted over the Companys shares at market value on the invitation date. 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. Shell is active in external organisations and activities thatadvance LGBT+ inclusion. He joined Shell in 1988 and has held roles in Shells Upstream, Integrated Gas, and Downstream businesses and our Projects & Technology organisation. 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. 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. The employee engagement score is based on a well-researched and validated model that combines satisfaction, motivation, affiliation, loyaltyand dedication. Opinions expressed are those of the author. Under the Performance Share Plan (PSP), 50% of the award is linked to certain indicators described in Performance indicators, averaged over the performance period. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. These awards vest at the end of a one-year period. The average employee engagement score was 75 points out of 100. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. LONDON, Sept 2 (Reuters Breakingviews) - Shell (SHEL.L) is about to get a new boss. 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. We track local national coverage. Shell in the UK was one of the first FTSE 100 companies to voluntarilypublish ethnicity pay gap data in November 2020. 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. Zoe Yujnovich, the current director of upstream, will head up a new directorate that combines the Integrated Gas and Upstream businesses. Prior to joining Shell, she served in a number of management roles for Rio Tinto. 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. 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. As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. Most recently she was Executive Vice President for Shells Conventional Oil & Gas business with operations in 19 countries. She has led Shell Australia for the past. In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. In 2021, learners embraced the virtual courses. 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. As of December 31, 2021, 8% of our Board members were from an ethnicminority. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. Copyright 2023 S&P Global. Follow us on Twitter: @globe_careersOpens in a new window. We introduced a global minimum standard for outplacement. 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. In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. During and before the pandemic, we invested in the mental well-being of our employees through programmes such as World Mental Health Day, Im Not Okay and the One Thing Wall. 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. Regular chances to win incredible prizes like luxury getaways and sports tickets with our subscriber exclusive competitions. 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. My sense is that they affiliate perhaps more with their Canadian culture, although they still recognize Australia just because it's the heritage that they come from. Climate change and energy transition. But the things I don't know about are blind spots that have the potential to really create concern. Eligible employees in participating countries may participate in the GlobalEmployee Share Purchase Plan. As told to Karl Moore and Aya Schechner. Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. Zo has lived in nine countries across five continents and sits on several not-for-profit Boards. A Dutch court has ordered it to slash its 1.6 billion tonnes of annual emissions by 2030, which requires offloading its most polluting operations. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom. The Board has delegated the oversight of the functioning of the Shell Global Helpline to the Audit Committee. 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. 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. Shares are awarded subject to a three-year retention period. 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. 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 . These standards are set out in the Shell General Business Principles and our Code of Conduct. Zo has held various management positions in Downstream, Integrated Gas and Upstream. She holds an engineering degree from the University of Western Australia and an Executive MBA from the University of Utah. Our response to the pandemic remains to reiterate and emphasise that adherence to Shells compliance rules (including the Code of Conduct) remains essential to protecting our business and helping ustomake the right decisions for the future. In certain circumstances, awards may beadjusted before delivery or subject to clawback after delivery. She was previously executive vice president of oil sands, based in Calgary. We also provided tips on setting up and maintaining good ergonomics, working with others virtually and maintaining productivity. 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. 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 Upstream Director Tenure Appointed with effect from October 2021 Age Born 1975 Nationality Australian Career On October 25, 2021, Zo succeeded Wael Sawan as Upstream Director and was appointed to the Executive Committee, after having held various management positions in Downstream, Integrated Gas and Upstream. 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. The programme is underpinned by our commitment to prohibit bribery, money laundering and tax evasion, andtoconduct business in line with our Shell General Business Principlesand Code of Conduct. The increase was caused by the rise in the availability of virtual courses as we rapidly digitalised, enabling people toattend virtually. 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. The shake-up will see Shell Australia chairman Zoe Yujnovich move to company headquarters at The Hague. 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 CEO Ben van Beurden is a Catalyst CEO Champion for Change. He previously served as Shells UK Country Chair. 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). We seek to ensure everyone atShell has equal opportunities and feels included. 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. Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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 felt really at home here in Calgary, of course we miss Montreal, but Canada is a wonderful country to live in. 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. Mr Nunans appointment as her replacement was confirmed a day after Shells Queensland Gas Company (QGC) business celebrated the export of the 500th cargo LNG from its plant on Curtis Island. 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. 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. But in essence, there is a really strong commonality. 2021- heden1 jaar 5 maanden. 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. 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. We have constantly sought to show care for anyone losing theirrole. 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. For every six shares purchased by the employee, one matching share is provided at no cost to the employee. Get the news you want delivered straight to your inbox so you never miss a headline. 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. Subscribers with digital access can view this article. In certain circumstances, awards may be adjusted before delivery or subject to clawback after delivery. 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 . Shell was rated as a top employer inthe Workplace Pride Global Benchmark 2021 survey, with a score of 92.4%.
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