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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. 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. 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. 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 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. 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. In the Netherlands, we began implementing our first Ethnic Inclusion action plan and established an employee sounding board to support thisprocess. On January 1, 2020, Huibert succeeded John Abbott as Downstream Director and was appointed to the Executive Committee. The support has included providing access to vaccines. These options are normally exercisable after completion of a three-year orfive-year contractual savings period. Huibert was previously Executive Vice President Global Commercial. None of the awards result in beneficial ownership until the shares vest. This included offering funding to new joiners for home-use office equipment. Performing competitively in the evolving energy system requires competent and empowered people working safely togetheracross Shell. Legal counsel provides legal advice globally and supports the implementation of programmes. Follow the topics, people and companies that matter to you. We promote equal opportunity and create an environment where people feel included, regardless of sexual orientation or gender identity. 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 2021, 78.5% of our UK employees identified as white and 21.5% were from an ethnic minority background. All rights reserved. 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. 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 I used to be far more extroverted; I used to get a lot of energy from being around people and liked to be the one who talked more. 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. 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. She has led Shell Australia for the past. Allegations may be raised confidentially and anonymously through several channels, including a Shell Global Helpline operated by an independent provider. Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. See Note 22 to the Consolidated Financial Statements. 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 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. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. Shell was rated as a top employer inthe Workplace Pride Global Benchmark 2021 survey, with a score of 92.4%. In August, we launched our new organisational structure as part of the Reshape initiative. 52, has been on Shell's executive committee since January 2016 as its head of integrated gas . There are many differences across cultures, some a bit obvious like the food we eat and the things we do. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. In his new role, Wael Sawan will oversee Shell's continued expansion into low-carbon and renewable energies as well as the power markets. In certain circumstances, awards may be adjusted before delivery or subject to clawback after delivery. Prior to joining Shell, she served in a number of management roles for Rio Tinto. 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. 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. 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. For further information on stakeholder engagement, see Governance. Both appointments are effective Oct. 25, 2021. 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. 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. 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. 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). As told to Karl Moore and Aya Schechner. The market would like to see them go external.. But an ongoing energy crisis means oil prices could hover around $100 a barrel for a while, which legitimises hanging around in fossil fuels. 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. These will help us to continue toembed inclusive behaviours in our culture. In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. The forum now has 14 chapters globally. Our kids grew up in Montreal and so have a very strong language in French. 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. First launched intheUK in 2005, we now have 14 enABLE networks globally. 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. Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. We have migrated to virtual courses and their uptake has increased from2020, when people were still new to the virtual ecosystem. But the things I don't know about are blind spots that have the potential to really create concern. For 2020, 11.25% of the award was linked to the FCF measure and 5% was linked to an energy transition measure. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. 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). Previously she was Country Chair for Shells businesses in Australia and New Zealand and Executive Vice President for Oil Sands in Canada. We offer a good practice anti-bribery and corruption e-learning course to third parties that may not have a training programme in place. This isadecrease of three points compared with 2020 but still reflects the resilience of our people in a year of change. Shell is Woodside's biggest partner in the Browse project and both Woodside and Shell are facing pressure from the Morrison government to proceed. We aim to increase racial and ethnic representation across our workforce so that we better reflect the communities in which we work and live. Zoe Yujnovich, the current director of upstream, will head up a new directorate that combines the Integrated Gas and Upstream businesses. Under the Restricted Share Plan, awards are made on a highly selective basis to senior staff. 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. Ms Yujnovich said on Friday that Australia was central to Shells LNG business and for its plans to move into providing cleaner energy. On October 25, 2021, Zo succeeded Wael Sawan as Upstream Director and was appointed to the Executive Committee. Australian Petroleum Production and Exploration Association, Executive Vice President & Country Chair of Shell Australia, Executive Vice President, Oil Sands Operations. Work-life balance is a bit tricky because it indicates that, at any moment, things are in perfect harmony. From 2017 no further grants weremade under this plan. Zo Yujnovich was appointed Shells Upstream Director and joined the Executive Committee in October 2021. 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. These include webcasts and all-staff messages from our Chief Executive Officer (CEO) Ben van Beurden, senior leader webcasts, town halls, team meetings, virtual coffee/chai connects, interviews with Senior Management, and online publications via our intranet. 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. She has more than 25 years experience in various aspects of industry, from frontline operations to project execution and strategic leadership. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. 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. 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. 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. 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. From 2011 to 2013, he was Country Chair Russia and Executive Vice President for Russia and the Caspian region. Our Standards: The Thomson Reuters Trust Principles. The rate is low across a range of industries. 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. 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. The increase was caused by the rise in the availability of virtual courses as we rapidly digitalised, enabling people toattend virtually. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. 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. That's really been what fuels my passion. Sponsors are the people who were advocating, perhaps, without my knowledge. He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. This result gives Shell one ofthe leading employee engagement scores across a range of industries. 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. 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 LGBT+ focus area issponsored by Chief Financial Officer Jessica Uhl. These options are normally exercisable after completion of a three-year contractual savings period. 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. Shell has opted to shake up its leadership ranks in Australia as it beds down the recent acquisition of ERM Power and faces key investment decisions on multibillion-dollar gas projects. In 2021, the response rate was 83%, a decrease of 3.1percentage points compared with 2020. That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. We believe that by achieving this ambition, we will contribute to a better and more equal world. Click on a photograph to read the full biography, Seven years and five months (appointed October 2014). Gemarkeerd als interessant door Zoe Yujnovich Neem nu deel om alle activiteiten te bekijken Ervaring Shell 8 jaar 5 maanden Upstream Director Shell okt. Get exclusive discounts on movie tickets, dining and popular attractions. There were a total of 87,000 employees atDecember 31, 2020, and December 31, 2019. See here for a complete list of exchanges and delays. The industry leader for online information for tax, accounting and finance professionals. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). We will also become a stronger organisation, with a richness ofexperience and views to guide us. Shell Upstream Director Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. It's somewhat subtle, but I think mentors tend to be more active in terms of perhaps guiding me on specific things. She started her career as a civil engineer before moving into finance roles when she joined Shell in 1999. Neither she nor Ms Slattery has experience as CEO of a listed oil and gas producer, with the same for Ms ONeill. 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. Shell belongs totheBusiness Disability Forum. 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. Both appointments are effective Oct. 25. 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 . LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. Eligible employees in participating countries may participate in the GlobalEmployee Share Purchase Plan. 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? Both appointments are effective 25th October 2021. The stuff I know I don't know, I can actually get help and support on. Our ambition is to become one of the most diverse and inclusive organisations in the world, a place where everyone including employees, customers, partners and suppliers feels valued and respected and has a strong sense of belonging. Theoutstanding awards take the form of nil-cost options. 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. 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 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. 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. 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 also provided resources for our employees under the Care-for-Self programme. 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. Directors and Senior Management. 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. 6:30PM October 4, 2019. Follow the topics, people and companies that matter to you. Number of selected key business countries. Copyright 2023 Surperformance. Wael was previously the Upstream Director and amember of the Executive Committee. LONDON, Sept 2 (Reuters Breakingviews) - Shell (SHEL.L) is about to get a new boss. Integrated Gas, Renewables and Energy Solutions Director until October 2021 (appointed January 2016). Her role in Australia will be filled by Tony Nunan, who currently heads up the oil and gas giant's operations in eastern Australia. Subscribers with digital access can view this article. The remaining 67.5% is linked to the comparative performance condition mentioned above. 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. We introduced a global minimum standard for outplacement. Search zoe yujnovich shell salary and check where the nearest petrol station is. Dutchman Huibert Vigeveno heads Shells refining operations, which have been making money hand over fist amid record refining margins. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. Get notifications in MyBN when activity occurs. Violation of the Code of Conduct or its policies can result in disciplinary action, up to and including contract termination or dismissal. Sawan took office on Jan. 1 . 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. Green energy, currently a trifling contributor to revenue, could be the key to supporting Shells long-term revenue growth. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. 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. Eight years and one month (appointed February 2014). In 2009, Huibert was appointed Vice President Supply & Distribution, Europe and Africa. Management regularly engages with our employees, including internally elected employee representatives, through a range of formal and informal channels. Two of our LGBT+ colleagues were featured in the OUTstanding 2021 LGBT+ Future Leaders List. 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. He also pulled off the $70 billion purchase of BG Group in 2016, which made it a leading force in liquefied natural gas (LNG). In the UK, Shell was one of the first signatories to the Race at Work Charter of the Business in The Community organisation.

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