These will help us to continue toembed inclusive behaviours in our culture. We are working to advance LGBT+ inclusion within Shell. 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. The stuff I know I don't know, I can actually get help and support on. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). Regular chances to win incredible prizes like luxury getaways and sports tickets with our subscriber exclusive competitions. The remaining 33.75% was linked to the comparative performance condition. Webelong to PurpleSpace, a networking and professional development hub for disabled employees, employee network leads and allies from allsectors and trades. Fri, 10/15/2021 - 09:35 AM. As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. 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. Directors and Senior Management. My passion has been around trying to make a difference in how we contribute to developing the world from the resources that we have. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Watch and listen to a variety of WA true crime series, video channels and podcasts with commentary on news, politics and current affairs. This ensured that all employees whowere leaving Shell had access to an independent professional careercoach who could offer individualised support. We aim to increase racial and ethnic representation across our workforce so that we better reflect the communities in which we work and live. Huibert was previously Executive Vice President Global Commercial. Zo Yujnovich was appointed Shells Upstream Director and joined the Executive Committee in October 2021. Despite battling with two major oil price slumps and an unprecedented 66% cut to Shells dividend in April 2020, Van Beurdens track record looks acceptable. Most of our work around LGBT+ inclusion happens at a country level in line with local policies, laws and regulations. I am an extrovert-turned-introvert. In 2021, learners embraced the virtual courses. 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. 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. 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. 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. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. Shell belongs totheBusiness Disability Forum. Both appointments are effective Oct. 25. On October 25, 2021, Wael succeeded Maarten Wetselaar as Integrated Gas, Renewables and EnergySolutions Director. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. Will His AI Plans Be Any Different? 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. 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). Most recently she was Executive Vice President for Shells Conventional Oil & Gas business with operations in 19 countries. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. We are committed to ensuring allsuch incidents are investigated by specialists in accordance with our Investigation Principles. 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. In 2021, the response rate was 83%, a decrease of 3.1percentage points compared with 2020. Ms Yujnovich said on Friday that Australia was central to Shells LNG business and for its plans to move into providing cleaner energy. Legal counsel provides legal advice globally and supports the implementation of programmes. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Jessica Uhl was included in the OUTstanding 2021 Ally Executives Role Model List, which recognises business leaders who help create more inclusive workplaces. In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. This included offering funding to new joiners for home-use office equipment. 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Shell has a global LGBT+ forum consisting of LGBT+ colleagues and allies. LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. We are focusing on the USA, UK and Netherlands because these are theShell hubs where we see the most significant opportunities for representation and inclusion of minority staff. 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 . Get exclusive discounts on movie tickets, dining and popular attractions. The proportion of voluntary resignations in Shell was 4.4% in 2021 compared with 2.6% in 2020. Fri, 15 October 2021 1:02AM. Violation of the Code of Conduct or its policies can result in disciplinary action, up to and including contract termination or dismissal. When expanded it provides a list of search options that will switch the search inputs to match the current selection. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. We investigate all good-faith allegations of breaches of the Code ofConduct, however they are raised. Under the Performance Share Plan (PSP), 50% of the award is linked to certain indicators described in Performance indicators, averaged over the performance period. BHPs head of petroleum Geraldine Slattery, an Ireland-raised physics graduate now based in Houston and with 25 years experience at the miners oil and gas division, is also said by some to be in the running, although others say not. Zoe Yujnovich joined Shell in 2014 as Vice President Oil Sands Joint Venture, based in Calgary, Alberta. 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. 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. Prior to joining Shell, she served in a number of management roles for Rio Tinto. 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. It's somewhat subtle, but I think mentors tend to be more active in terms of perhaps guiding me on specific things. In certain circumstances, awards may be adjusted before delivery or subject to clawback after delivery. 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. She holds an engineering degree from the University of Western Australia and an Executive MBA from the University of Utah. . For every six shares purchased by the employee, one matching share is provided at no cost to the employee. The Enablement and disability inclusion focus area is sponsored by Harry Brekelmans, Projects & Technology Director and Huibert Vigeveno, Downstream Director. Zo Yujnovich. I gain a lot of energy by keeping fit, and I enjoy competing in half and full marathons. Two years and two months (appointed January 2020). All are members of the Executive Committee (see Governance Framework). With over twenty years of global experience in the mining industry, Zoe joined Shell in 2014 as Vice President Oil Sands Joint Venture. Management regularly engages with our employees, including internally elected employee representatives, through a range of formal and informal channels. Number of selected key business countries. 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. 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. On October 25, 2021, Zo succeeded Wael Sawan as Upstream Director and was appointed to the Executive Committee. 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. 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. Zo Yujnovich will become the second woman on Shell's eight-strong executive committee. Internal investigations confirmed 181 substantiated breaches of the Code of Conduct in 2021. The Senior Management of the Company comprises the Executive Directors, Ben van Beurden and Jessica Uhl, and those listed below. Six years and two months (appointed January 2016). In 2012 he became Executive Chair of Shell in China, and in 2016 led the integration of BG Group. Shell is active in external organisations and activities thatadvance LGBT+ inclusion. 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. These standards are set out in the Shell General Business Principles and our Code of Conduct. 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. For further information on stakeholder engagement, see Governance. Two of our LGBT+ colleagues were featured in the OUTstanding 2021 LGBT+ Future Leaders List. Shares are awarded subject to a three-year retention period. Thisincludes equal access to valuable educational resources, training programmes, and emphasis on personal and professional development. In 2021, we continued to support our people and assist in the fight against COVID-19. We do not tolerate the direct or indirect offer, payment, solicitation oracceptance of bribes in any form. 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. None of the awards result in beneficial ownership until the shares vest. (The author is a Reuters Breakingviews columnist. The remaining 60% is linked to the comparative performance condition. See here for a complete list of exchanges and delays. 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. The forum now has 14 chapters globally. 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. 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 He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. 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. 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. Work-life balance is a bit tricky because it indicates that, at any moment, things are in perfect harmony. 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. There are many differences across cultures, some a bit obvious like the food we eat and the things we do. We felt really at home here in Calgary, of course we miss Montreal, but Canada is a wonderful country to live in. 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. Integrated Gas, Renewables and Energy Solutions Director until October 2021 (appointed January 2016). 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. As a result of different notice periods in various markets, people are continuing to leave until the end of 2022. We offer a good practice anti-bribery and corruption e-learning course to third parties that may not have a training programme in place. 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. Our people are essential to the successful delivery of Shells strategy and to sustaining business performance over the long term. In the UK, Shell was one of the first signatories to the Race at Work Charter of the Business in The Community organisation. 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. 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. Whether Woodsides new CEO will expand the Pluto LNG project is a point of debate among investors. 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. That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. There were a total of 87,000 employees atDecember 31, 2020, and December 31, 2019. 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 included acting as Executive . Sawan took office on Jan. 1 . Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. 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. LONDON, Sept 2 (Reuters Breakingviews) - Shell (SHEL.L) is about to get a new boss. All quotes delayed a minimum of 15 minutes. 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. We are part ofBlack Representation in Marketing (BRiM), a UK initiative to improve the representation of black people in marketing. Shell was rated as a top employer inthe Workplace Pride Global Benchmark 2021 survey, with a score of 92.4%. Huibert was previously Executive Vice President Global Commercial. Royal Dutch Shell plc ("Shell") today announces the appointments of Wael Sawan as Integrated Gas and Renewable and Energy Solutions (R&ES) Director and Zo Yujnovich as Upstream Director. To support the Code of Conduct, we have mandatory risk-based procedures and controls that address a range of compliance risks and ensure that we focus resources, reporting and attention appropriately. Shell Upstream Director Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. 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. 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. 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. For 2019 and 2020, 22.5% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. In 2008, he was appointed Head of Legal at Shell Singapore, having served as Associate General Counsel for Gas & Power in Asia-Pacific. The industry leader for online information for tax, accounting and finance professionals. We seek to ensure everyone atShell has equal opportunities and feels included. 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. In certain circumstances, awards may beadjusted before delivery or subject to clawback after delivery. 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. Prior to joining Shell in 2014, Ms Yujnovich held frontline and management roles in mining across three continents. We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. 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. Options havebeen granted over the Companys shares at market value on the invitation date. People all over the world want to come to work, be recognized for doing a great job, and contribute to something that energizes them. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Neither she nor Ms Slattery has experience as CEO of a listed oil and gas producer, with the same for Ms ONeill. Performing competitively in the evolving energy system requires competent and empowered people working safely togetheracross Shell. Sean Smith. 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. And I'm always expanding my knowledge to what I don't know I don't know. As a woman in a male-dominated sector, I've had a very positive experience. Our kids grew up in Montreal and so have a very strong language in French. 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. For 2020, 11.25% of the award was linked to the FCF measure and 5% was linked to an energy transition measure. The employee engagement score is based on a well-researched and validated model that combines satisfaction, motivation, affiliation, loyaltyand dedication. Our core values are undermined if decisions are taken which fall short of the expected standards of ethical behaviour and compliance. In August, we launched our new organisational structure as part of the Reshape initiative. Climate change and energy transition. From 2017 no further grants weremade under this plan. He joined Shell in 1997 and worked in a variety of roles in each ofShells core business units: Upstream, Integrated Gas and Downstream. This allowed us to continue to invest in people and capabilities, while maintaining our focus on safety. Subscribers with digital access can view this article. 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. Opinions expressed are those of the author. All rights reserved. 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. 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. These awards vest at the end of a one-year period. The market would like to see them go external.. She has more than 25 years' experience in various aspects of industry, from frontline operations to project execution and strategic leadership. Employees who are about to leave typically have a lower response rate than those who plan to stay with a company. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. This was just short of our ambition to have 30% representation ofwomen in our senior leadership positions by 2021, but it was also anincrease of 1.7 percentage points compared with the end of 2020. Senior leadership positions comprises our top 1,250 leaders and is aShell measure based on salary group levels and is distinct from the termsenior manager in the statutory disclosures in the table below. It's about finding out what gives you energy rather than what saps the energy from you. Our Real Estate teams developed guidance on returning to site safely for all of our locations. See Zoe A Yujnovich's compensation, career history, education, & memberships. From 2011 to 2013, he was Country Chair Russia and Executive Vice President for Russia and the Caspian region. Industry sources argue that that the size of that bonus suggests that Mr Gallagher must effectively have been offered the Woodside role, confirming a view in the market that the board favours an external candidate to take the countrys biggest oil and gas producer into its next phase of development. Note 27 to the Consolidated Financial Statements provides the average number of employees by business segment. At December 31, 2021, there were a total of 82,000 employees at Shell. 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. We launched two mandatory training courses for all staff in 2021: Respect in the Workplace and Conscious Inclusion. Shell shares were trading at 26.8 euros as of 1000 GMT on Sept. 2, up 1.7%. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. We track local national coverage. First launched intheUK in 2005, we now have 14 enABLE networks globally. The increase was caused by the rise in the availability of virtual courses as we rapidly digitalised, enabling people toattend virtually. 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. Mr Nunan joined QGC as legal counsel in 2008, was managing director after a takeover by BG Group and then returned to run the business when it passed into Shell hands in 2016. 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. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. Currently six out of 12 of our Board members are women. Looking back now, I certainly didn't have that in university. She has led Shell Australia for the past. Huibert Vigeveno, the current downstream director, will . 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. 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. 2021- heden1 jaar 5 maanden. None of the three key executives being talked about by investors, analysts and industry sources has been confirmed by either Woodside or in person. Copyright 2023 S&P Global. Eligible employees in participating countries may participate in the GlobalEmployee Share Purchase Plan. 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. Zo has lived in nine countries across five continents and sits on several not-for-profit Boards. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. Follow the topics, people and companies that matter to you. Theoutstanding awards take the form of nil-cost options. Wael was previously the Upstream Director and amember of the Executive Committee. Strong engagement helps us to accelerate our peoples development, enhance our leadership capabilities and improve employee performance. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Most recently, she served as Executive Vice President Conventional Oil & Gas and was previously Chair and Executive Vice President Shell Australia Pty Ltd. She joined Shell from Rio Tinto in 2014 to lead the companys Oil Sands business in Canada. 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. Eight years and one month (appointed February 2014). 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. We are launching mandatory anti-racism training for all US staff. The LGBT+ focus area issponsored by Chief Financial Officer Jessica Uhl. 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. The table below shows actual employee numbers by geographical area.
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