The remaining 60% is linked to the comparative performance condition. In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. 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. He also pulled off the $70 billion purchase of BG Group in 2016, which made it a leading force in liquefied natural gas (LNG). Performing competitively in the evolving energy system requires competent and empowered people working safely togetheracross Shell. Most of our work around LGBT+ inclusion happens at a country level in line with local policies, laws and regulations. The Shell Ethics and Compliance Office regularly reviews and revises all ethics and compliance programmes to ensure they remain up to date with applicable laws, regulations and best practices. Its very consistent in the equity market that no one is excited about Meg, the source said. Integrated Gas, Renewables and Energy Solutions Director until October 2021 (appointed January 2016). The market would like to see them go external.. Shell was rated as a top employer inthe Workplace Pride Global Benchmark 2021 survey, with a score of 92.4%. Sean Smith. This documentary-style series follows investigative journalists as they uncover the truth. 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. Shell in the UK was one of the first FTSE 100 companies to voluntarilypublish ethnicity pay gap data in November 2020. Both appointments are effective Oct. 25. Two of our LGBT+ colleagues were featured in the OUTstanding 2021 LGBT+ Future Leaders List. Whether Woodsides new CEO will expand the Pluto LNG project is a point of debate among investors. 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 Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. At December 31, 2021, there were a total of 82,000 employees at Shell. Looking back now, I certainly didn't have that in university. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. 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. Will His AI Plans Be Any Different? Thisincludes equal access to valuable educational resources, training programmes, and emphasis on personal and professional development. For 2020, 11.25% of the award was linked to the FCF measure and 5% was linked to an energy transition measure. This isadecrease of three points compared with 2020 but still reflects the resilience of our people in a year of change. These numbers exclude those in companies with their own HR systems. 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. 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. In certain circumstances, awards may be adjusted before delivery or subject to clawback after delivery. Shell Upstream Director Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. 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. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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. 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 support has included providing access to vaccines. We track local national coverage. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. The Shell plc Annual Report (this Report) serves as the Annual Report and Accounts in accordance with UK requirements for the year ended December 31, 2021, for Shell plc (the Company) and its subsidiaries (collectively referred to as Shell). We are committed to ensuring allsuch incidents are investigated by specialists in accordance with our Investigation Principles. As told to Karl Moore and Aya Schechner. Note 27 to the Consolidated Financial Statements provides the average number of employees by business segment. Our ethnic minority employees identified as Asian (13.1%), black (3.4%), mixed (2.4%) or another ethnic background (2.6%). 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. Two years and two months (appointed January 2020). We are working to address racial inequity. This ensured that all employees whowere leaving Shell had access to an independent professional careercoach who could offer individualised support. That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. Work-life balance is a bit tricky because it indicates that, at any moment, things are in perfect harmony. 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. Jessica Uhl was included in the OUTstanding 2021 Ally Executives Role Model List, which recognises business leaders who help create more inclusive workplaces. Get exclusive discounts on movie tickets, dining and popular attractions. 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. 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 Zo has lived in nine countries across five continents and sits on several not-for-profit Boards. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. And I'm always expanding my knowledge to what I don't know I don't know. Ed was previously Executive Vice President Strategy, Portfolio & Sustainability. As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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. We have a number of share plans designed to align employees interests with our performance through share ownership. This interview has been edited and condensed. Prior to her current role, Zo was the Executive Vice President for Shell's Conventional Oil and Gas business, which spans 19 countries including Nigeria, UK, Malaysia, Oman, Brunei and Kazakhstan. 6:30PM October 4, 2019. Around one-quarter of Shells global capital is invested in Australia, and it is integral to our global strategy to lead in LNG and move into power to provide more and cleaner energy as the system transitions from molecules to electrons in the decades ahead, she said. In 2021, 47% of our graduate recruits were female, compared with 49% in2020. 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. An external hire would extend the companys recent track record of tapping outside executives to helm Woodside, with Mr Coleman and his predecessor Don Voelte both recruited from outside. 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. Zo has held various management positions in Downstream, Integrated Gas and Upstream. Harry was previously Executive Vice President Upstream International Operated, based in the Netherlands. Currently six out of 12 of our Board members are women. 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. Search zoe yujnovich shell salary and check where the nearest petrol station is. We promote equal opportunity and create an environment where people feel included, regardless of sexual orientation or gender identity. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. Both appointments are effective 25th October 2021. 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? Climate change and energy transition. As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. 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 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. They say that favours Ms Yujnovich securing the role rather than Ms ONeill, despite the latters excellent track record in development, both at Woodside and previously with ExxonMobil. These standards are set out in the Shell General Business Principles and our Code of Conduct. The Board has delegated the oversight of the functioning of the Shell Global Helpline to the Audit Committee. Chief Financial Officer Tenure Appointed with effect from April 1, 2022 Age Born 1977 Nationality British Career Sinead was previously Executive Vice President, Finance, in Shell's global Upstream business. 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. 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 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). Management regularly engages with our employees, including internally elected employee representatives, through a range of formal and informal channels. 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. Ronan previously served as EVP HR for both the Downstream and Upstream International businesses in turn. Subscribers with digital access can view this article. We are creating an environment where people with disabilities can excel. The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. The shake-up will see Shell Australia chairman Zoe Yujnovich move to company headquarters at The Hague. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. In an industry where women have been traditionally underrepresented, three of our five largest energy-trading divisions are led by women. 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 . Shell belongs totheBusiness Disability Forum. 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. 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. Zoe Yujnovich, the current director of upstream, will head up a new directorate that combines the Integrated Gas and Upstream businesses. (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 . 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. See here for a complete list of exchanges and delays. In 2021, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. Sponsorship played a very important for my career. The 19% of our workforce who have not provided data or have chosen not to declare their ethnicity were not included in our calculations. 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. Now, I actually really value listening to others before I speak. With over twenty years of global experience in the mining industry, Zoe joined Shell in 2014 as Vice President Oil Sands Joint Venture. 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. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. 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. 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. The CEO search process, which was announced in December when Mr Coleman advised that he would retire in the second half of 2022 after 10 years at the helm, is being run by international firm Spencer Stuart, so other overseas candidates could be in the frame. It's somewhat subtle, but I think mentors tend to be more active in terms of perhaps guiding me on specific things. 52, has been on Shell's executive committee since January 2016 as its head of integrated gas . Eligible employees in participating countries may participate in the GlobalEmployee Share Purchase Plan. 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. 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. 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. Facilitation payments are also prohibited. Ms Yujnovich said on Friday that Australia was central to Shells LNG business and for its plans to move into providing cleaner energy. 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. 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. Subscribers with digital access can view this article. Shell also acquired business electricity retailer ERM Power in a $617 million deal in August that provided evidence it was serious about launching into the broader energy retailing market in the eastern states . 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. 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. 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. 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. On October 25, 2021, Wael succeeded Maarten Wetselaar as Integrated Gas, Renewables and EnergySolutions Director. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. She started her career as a civil engineer before moving into finance roles when she joined Shell in 1999. Prior to joining Shell in 2014, Ms Yujnovich held frontline and management roles in mining across three continents. Shell said Godson Njoku, currently executive vice-president of production support and excellence, would step into Mr Nunan's role as vice-president east (Australia). This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . 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. These awards vest at the end of a one-year period. We offer a good practice anti-bribery and corruption e-learning course to third parties that may not have a training programme in place. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. None of the three key executives being talked about by investors, analysts and industry sources has been confirmed by either Woodside or in person. The Senior Management of the Company comprises the Executive Directors, Ben van Beurden and Jessica Uhl, and those listed below. Directors and Senior Management. 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. We also seek to provide what they need if they areworking remotely. 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. From 2011 to 2013, he was Country Chair Russia and Executive Vice President for Russia and the Caspian region. [A] 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. Our approach reinforces respect for people and provides psychological safety for our LGBT+ employees in line with our core values. In August, we launched our new organisational structure as part of the Reshape initiative. 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. Australian Petroleum Production and Exploration Association, Executive Vice President & Country Chair of Shell Australia, Executive Vice President, Oil Sands Operations. Supported by functions such as Shell Health, HR, Real Estate andIT, WPA is designed to ensure that all employees have access to reasonable physical workplace or other adjustments so that they can workeffectively and productively. Our workplace accessibility (WPA) service currently serves 86 locations globally. Shares are awarded subject to a three-year retention period. In 2021, learners embraced the virtual courses. 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 Australia chair Zoe Yujnovich is charged with keeping 300 workers on a floating gas plant safe while producing energy and managing ever-growing public expectations. He joined Shell in 1988 and has held roles in Shells Upstream, Integrated Gas, and Downstream businesses and our Projects & Technology organisation. Wael was previously the Upstream Director and amember of the Executive Committee. 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. These options are normally exercisable after completion of a three-year orfive-year contractual savings period. 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. See Zoe A Yujnovich's compensation, career history, education, & memberships. 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. The remaining 33.75% was linked to the comparative performance condition. 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. 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 . See here for a complete list of exchanges and delays. The table below shows actual employee numbers by geographical area. 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. 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. Copyright 2023 Surperformance.
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