Huibert Vigeveno, the current downstream director, will . Both appointments are effective 25th October 2021. From 2017 no further grants weremade under this plan. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. Shell was rated as a top employer inthe Workplace Pride Global Benchmark 2021 survey, with a score of 92.4%. He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. Will His AI Plans Be Any Different? 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. Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. 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. Ms Yujnovich will take up a key role in shaping Shells future in conventional oil and gas across 18 countries, excluding Australia, from January. As of December 31, 2021, the proportion of women in senior leadership positions was 29.5% (this value includes leavers still in the HR System). (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 . 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. This isadecrease of three points compared with 2020 but still reflects the resilience of our people in a year of change. 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. We also seek to provide what they need if they areworking remotely. All quotes delayed a minimum of 15 minutes. The remaining 60% is linked to the comparative performance condition. Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements. 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. We introduced a global minimum standard for outplacement. 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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. We offer a good practice anti-bribery and corruption e-learning course to third parties that may not have a training programme in place. 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. Zoe Yujnovich elevated to Shell's senior ranks with new promotion. 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. Violation of the Code of Conduct or its policies can result in disciplinary action, up to and including contract termination or dismissal. These awards vest at the end of a one-year period. We aim to increase racial and ethnic representation across our workforce so that we better reflect the communities in which we work and live. Our approach reinforces respect for people and provides psychological safety for our LGBT+ employees in line with our core values. 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. These options are normally exercisable after completion of a three-year contractual savings period. 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. Our people are essential to the successful delivery of Shells strategy and to sustaining business performance over the long term. 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. The Board has delegated the oversight of the functioning of the Shell Global Helpline to the Audit Committee. Subscribers with digital access can view this article. We have sought at all times to conduct the job reductions process in accordance with our core values of honesty, integrity and respect for people. Our CEO Ben van Beurden is a Catalyst CEO Champion for Change. 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 First launched intheUK in 2005, we now have 14 enABLE networks globally. We benchmark ourselves externally, with consistent top-tier results. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. 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. Green energy, currently a trifling contributor to revenue, could be the key to supporting Shells long-term revenue growth. She was previously executive vice president of oil sands, based in Calgary. This button displays the currently selected search type. 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. Help using this website - Accessibility statement, the decision by Santos CEO Kevin Gallagher, singled out by current chief executive Peter Coleman as a potential successor when she joined Woodside, announced in December when Mr Coleman advised that he would retire in the second half of 2022, has been a key point of debate among investors, FAR Ltds Cath Norman has been one of the few in the past few years, a previous Shell Australia chairwoman and current Woodside director Ann Pickard. For 2019 and 2020, 22.5% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. 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. We believe that by achieving this ambition, we will contribute to a better and more equal world. Directors and Senior Management. Our core values are undermined if decisions are taken which fall short of the expected standards of ethical behaviour and compliance. LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. [A] The global oil and gas giant said late today that Ms Yujnovich, who was posted to Shells headquarters in The Hague from Australia last year, would take over as the groups director of upstream on October 25. Follow the topics, people and companies that matter to you. Two of our LGBT+ colleagues were featured in the OUTstanding 2021 LGBT+ Future Leaders List. Zoe Yujnovich at Shell Canada, Calgary.Stephanie Leblond. But in essence, there is a really strong commonality. 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. At the same time, her reported move last August to purchase an $8 million mansion in Perths Mosman Park with her husband Jason suggests she envisages a return to Australia at some stage. The Enablement and disability inclusion focus area is sponsored by Harry Brekelmans, Projects & Technology Director and Huibert Vigeveno, Downstream Director. Sean Smith The West Australian. This documentary-style series follows investigative journalists as they uncover the truth. 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. 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. We are launching mandatory anti-racism training for all US staff. This interview has been edited and condensed. In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. Ed was previously Executive Vice President Strategy, Portfolio & Sustainability. He also pulled off the $70 billion purchase of BG Group in 2016, which made it a leading force in liquefied natural gas (LNG). 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. Shell belongs totheBusiness Disability Forum. 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. People all over the world want to come to work, be recognized for doing a great job, and contribute to something that energizes them. 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. He joined Shell in 1988 and has held roles in Shells Upstream, Integrated Gas, and Downstream businesses and our Projects & Technology organisation. As a woman in a male-dominated sector, I've had a very positive experience. 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). Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. The shake-up will see Shell Australia chairman Zoe Yujnovich move to company headquarters at The Hague. The LGBT+ focus area issponsored by Chief Financial Officer Jessica Uhl. Management regularly engages with our employees, including internally elected employee representatives, through a range of formal and informal channels. 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. Sponsors are the people who were advocating, perhaps, without my knowledge. Female representation among unlisted producers, or Australian arms of international producers, has been slightly less rare, among them Ms Yujnovich herself, a previous Shell Australia chairwoman and current Woodside director Ann Pickard, former BG Group Australia chairwoman Catherine Tanna, now CEO of EnergyAustralia, and Seven Groups SGH Energy CEO Margaret Hall. Follow us on Twitter: @globe_careersOpens in a new window. Most of our work around LGBT+ inclusion happens at a country level in line with local policies, laws and regulations. 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. 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 In the UK, Shell was one of the first signatories to the Race at Work Charter of the Business in The Community organisation. 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. Help using this website - Accessibility statement, Shell also acquired business electricity retailer ERM Power in a $617 million deal, Shell is Woodside's biggest partner in the Browse project. When expanded it provides a list of search options that will switch the search inputs to match the current selection. From 2021, 10% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. Sawan took office on Jan. 1 . 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. Her role in Australia will be filled by Tony Nunan, who currently heads up the oil and gas giant's operations in eastern Australia. This included acting as Executive . She has more than 25 years' experience in various aspects of industry, from frontline operations to project execution and strategic leadership. He joined Shell in 1997 and worked in a variety of roles in each ofShells core business units: Upstream, Integrated Gas and Downstream. Thisincludes equal access to valuable educational resources, training programmes, and emphasis on personal and professional development. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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. We felt really at home here in Calgary, of course we miss Montreal, but Canada is a wonderful country to live in. 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. Wehaveachieved this target. Sponsored by our CEO Ben van Beurden, Integrated Gas, Renewables and Energy Solutions Director Wael Sawan and Legal Director Donny Ching, the council aims toadvance diversity in our workforce so that it better reflects communities where we work and from which we draw talent. 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. Breaking news, sport, business and more. Shares are awarded subject to a three-year retention period. On October 25, 2021, Zo succeeded Wael Sawan as Upstream Director and was appointed to the Executive Committee. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. I know what I know, I know what I don't know, and I don't know what I don't know. 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. 6:30PM October 4, 2019. Sean Smith. The stuff I know I don't know, I can actually get help and support on. 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 . 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. These numbers exclude those in companies with their own HR systems. Click on a photograph to read the full biography, Seven years and five months (appointed October 2014). Copyright 2023 S&P Global. Previously she was Country Chair for Shells businesses in Australia and New Zealand and Executive Vice President for Oil Sands in Canada. As told to Karl Moore and Aya Schechner. 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. In the past Ms. Yujnovich held the position of Chairman for The Mining Association of Canada, Chairman at Australian Petroleum Production & Exploration Association, Chairman of Viva Energy. We also provided tips on setting up and maintaining good ergonomics, working with others virtually and maintaining productivity. 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 . In the Netherlands, we began implementing our first Ethnic Inclusion action plan and established an employee sounding board to support thisprocess. Shell shares were trading at 26.8 euros. 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). Note 27 to the Consolidated Financial Statements provides the average number of employees by business segment. We seek to ensure everyone atShell has equal opportunities and feels included. Prior to joining Shell, she served in a number of management roles for Rio Tinto. 52, has been on Shell's executive committee since January 2016 as its head of integrated gas . This was a one-off share award granted to all eligible employees of Shell on June 18, 2021. Zo Yujnovich was appointed Shells Upstream Director and joined the Executive Committee in October 2021. The global . She is married with three children. 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. Legal counsel provides legal advice globally and supports the implementation of programmes. We also provided resources for our employees under the Care-for-Self programme. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. For further information on stakeholder engagement, see Governance. And I'm always expanding my knowledge to what I don't know I don't know. 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. It's about finding out what gives you energy rather than what saps the energy from you. Plenty of credible candidates exist to replace him, but one looks the most obvious. We are committed to ensuring allsuch incidents are investigated by specialists in accordance with our Investigation Principles. Zoe Yujnovich joined Shell in 2014 as Vice President Oil Sands Joint Venture, based in Calgary, Alberta. Shell is active in external organisations and activities thatadvance LGBT+ inclusion. We have around 3,000 people that are leaving on SVS. 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She started her career as a civil engineer before moving into finance roles when she joined Shell in 1999. Under the Performance Share Plan (PSP), 50% of the award is linked to certain indicators described in Performance indicators, averaged over the performance period. 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. 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. We co-sponsored the UK 2021 Race at Work survey conducted bythemembership organisation Business in the Community. We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. Two years and two months (appointed January 2020). Sponsorship played a very important for my career. We are working to advance LGBT+ inclusion within Shell. In 2021, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. 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. 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. Watch and listen to a variety of WA true crime series, video channels and podcasts with commentary on news, politics and current affairs. 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 While balancing cash-generating fossil fuels and emissions wont get any easier, Sawan looks the best placed to try. 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. 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. Internal investigations confirmed 181 substantiated breaches of the Code of Conduct in 2021. Integrated Gas, Renewables and Energy Solutions Director until October 2021 (appointed January 2016). The four internal candidates for the top job all have their merits. 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 promote equal opportunity and create an environment where people feel included, regardless of sexual orientation or gender identity. The average employee engagement score was 75 points out of 100. 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. Itprovides insights into employees views and has had a consistently highresponse rate. Australian Petroleum Production and Exploration Association, Executive Vice President & Country Chair of Shell Australia, Executive Vice President, Oil Sands Operations. Fri, 10/15/2021 - 09:35 AM. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Shell in the UK was one of the first FTSE 100 companies to voluntarilypublish ethnicity pay gap data in November 2020. In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. 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. 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. In 2021, the response rate was 83%, a decrease of 3.1percentage points compared with 2020. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. 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. Eligible employees in participating countries may participate in the GlobalEmployee Share Purchase Plan. The opinions expressed are his own.). 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. 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. These standards are set out in the Shell General Business Principles and our Code of Conduct. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Huibert was previously Executive Vice President Global Commercial. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Wael was previously the Upstream Director and amember of the Executive Committee. The remaining 67.5% is linked to the comparative performance condition mentioned above. 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 2021, 47% of our graduate recruits were female, compared with 49% in2020. 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. Shell is Woodside's biggest partner in the Browse project and both Woodside and Shell are facing pressure from the Morrison government to proceed. Work-life balance is a bit tricky because it indicates that, at any moment, things are in perfect harmony. Our kids grew up in Montreal and so have a very strong language in French. 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. Ronan previously served as EVP HR for both the Downstream and Upstream International businesses in turn. 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. But the things I don't know about are blind spots that have the potential to really create concern. 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. 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. LONDON, Sept 2 (Reuters Breakingviews) - Shell (SHEL.L) is about to get a new boss. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking.
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