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. We track local national coverage. For every six shares purchased by the employee, one matching share is provided at no cost to the employee. But he now runs Shells Integrated Gas and Renewables arm which includes LNG and green activities like solar and wind. Shell leadership shake-up sends Australian boss to The Hague The problem for Andrew Mackenzie, the Shell chair tasked with identifying Van Beurdens successor, is that the British energy giant is pulled in opposite directions. Zoe Yujnovich, who heads oil exploration, and Sinead Gorman, who recently joined as chief financial officer, are both well thought of. Our kids grew up in Montreal and so have a very strong language in French. 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. Our Standards: The Thomson Reuters Trust Principles. In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. In 2021, the response rate was 83%, a decrease of 3.1percentage points compared with 2020. While balancing cash-generating fossil fuels and emissions wont get any easier, Sawan looks the best placed to try. Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. She has led Shell Australia for the past. All are members of the Executive Committee (see Governance Framework). Dutchman Huibert Vigeveno heads Shells refining operations, which have been making money hand over fist amid record refining margins. Most of our work around LGBT+ inclusion happens at a country level in line with local policies, laws and regulations. We believe that by achieving this ambition, we will contribute to a better and more equal world. 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. Follow the topics, people and companies that matter to you. Our CEO Ben van Beurden is a Catalyst CEO Champion for Change. 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. He joined Shell in 1997 and worked in a variety of roles in each ofShells core business units: Upstream, Integrated Gas and Downstream. 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. These options are normally exercisable after completion of a three-year orfive-year contractual savings period. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. 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. 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. Zo Yujnovich. 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. See Note 22 to the Consolidated Financial Statements. In an industry where women have been traditionally underrepresented, three of our five largest energy-trading divisions are led by women. She was previously executive vice president of oil sands, based in Calgary. These will help us to continue toembed inclusive behaviours in our culture. 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. 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. Previously she was Country Chair for Shells businesses in Australia and New Zealand and Executive Vice President for Oil Sands in Canada. We promote equal opportunity and create an environment where people feel included, regardless of sexual orientation or gender identity. This article was published more than 6 years ago. 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. 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. Huibert Vigeveno | Shell Global The long stints of the last four CEOs add up to an unusually long average tenure of more than 10 years, about double the average on the ASX. But an ongoing energy crisis means oil prices could hover around $100 a barrel for a while, which legitimises hanging around in fossil fuels. Now, I actually really value listening to others before I speak. Zoe Yujnovich at Shell Canada, Calgary.Stephanie Leblond. Our approach reinforces respect for people and provides psychological safety for our LGBT+ employees in line with our core values. 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. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. 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. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). Musk Made a Mess at Twitter. Our people - Shell Annual Report and Accounts 2021 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. Fri, 10/15/2021 - 09:35 AM. Two years and two months (appointed January 2020). Shell CEO's first changes combine upstream and LNG operations Sean Smith. She started her career as a civil engineer before moving into finance roles when she joined Shell in 1999. 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. That's what I try to focus on at this point in my career. She holds an engineering degree from the University of Western Australia and an Executive MBA from the University of Utah. 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. 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. 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 want everyone to have a strong sense of belonging, irrespective of our differences. 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. He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. Breakingviews: Shell's next boss looks a shoo-in | Reuters 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. Wael was previously the Upstream Director and amember of the Executive Committee. There are many differences across cultures, some a bit obvious like the food we eat and the things we do. 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. All quotes delayed a minimum of 15 minutes. But the things I don't know about are blind spots that have the potential to really create concern. 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 The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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 joined Shell in 2014 as Vice President Oil Sands Joint Venture, based in Calgary, Alberta. The Business Integrity Department isaspecialist investigative unit within Shell Internal Audit that is responsible for managing the Shell Global Helpline and the Group level incident management procedures. Jessica Uhl was included in the OUTstanding 2021 Ally Executives Role Model List, which recognises business leaders who help create more inclusive workplaces. She then chaired Shell Australia for 2 years from early 2017. We also seek to provide what they need if they areworking remotely. That's really been what fuels my passion. All Rights Reserved. LONDON, Sept 2 (Reuters Breakingviews) - Shell (SHEL.L) is about to get a new boss. For 2020, 11.25% of the award was linked to the FCF measure and 5% was linked to an energy transition measure. Sponsors are the people who were advocating, perhaps, without my knowledge. Theoutstanding awards take the form of nil-cost options. 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. 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. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. 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. 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. Shell boss Zoe Yujnovich heads to The Hague - The Australian 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. 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. We provide support and make adjustments for people with disabilities during the recruitment process and throughout their careers with Shell. All rights reserved. Shell announces changes to Executive Committee | Shell Global The global . This documentary-style series follows investigative journalists as they uncover the truth. It's somewhat subtle, but I think mentors tend to be more active in terms of perhaps guiding me on specific things. 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. 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. Internal investigations confirmed 181 substantiated breaches of the Code of Conduct in 2021. Shares are awarded subject to a three-year retention period. The remaining 67.5% is linked to the comparative performance condition mentioned above. 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. For further information on stakeholder engagement, see Governance. 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 [A] She has more than 25 years experience in various aspects of industry, from frontline operations to project execution and strategic leadership. First launched intheUK in 2005, we now have 14 enABLE networks globally. 2021- heden1 jaar 5 maanden. 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. 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. 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. The Senior Management of the Company comprises the Executive Directors, Ben van Beurden and Jessica Uhl, and those listed below. Our approach starts with living up to our core values of honesty, integrity and respect for people. Shell appoints new heads of upstream and gas-renewables divisions Wehaveachieved this target. 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. From 2021, 10% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. Number of selected key business countries. 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. 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. Facilitation payments are also prohibited. Female contenders vie for Woodside CEO role - Australian Financial Review We have constantly sought to show care for anyone losing theirrole. 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). Our core values are undermined if decisions are taken which fall short of the expected standards of ethical behaviour and compliance. 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. As a result of different notice periods in various markets, people are continuing to leave until the end of 2022. 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. These options are normally exercisable after completion of a three-year contractual savings period. I gain a lot of energy by keeping fit, and I enjoy competing in half and full marathons. The average employee engagement score was 75 points out of 100. 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. Get exclusive discounts on movie tickets, dining and popular attractions. We offer a good practice anti-bribery and corruption e-learning course to third parties that may not have a training programme in place. Both appointments are effective Oct. 25. 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. 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. The forum now has 14 chapters globally. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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. 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. This plan enables them to make contributions from net pay towards the purchase of the Companys shares at a 15% discount to the market price, either at the start or at the end of anannual cycle, whichever date offers the lower market price. 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. 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. Huibert Vigeveno, the current downstream director, will . Follow the topics, people and companies that matter to you. 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. Shell belongs totheBusiness Disability Forum. This button displays the currently selected search type. 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. In 2012 he became Executive Chair of Shell in China, and in 2016 led the integration of BG Group. She is married with three children. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. Sean Smith The West Australian. The stuff I know I don't know, I can actually get help and support on. 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. We do not tolerate the direct or indirect offer, payment, solicitation oracceptance of bribes in any form. Allegations may be raised confidentially and anonymously through several channels, including a Shell Global Helpline operated by an independent provider. Shell says restructuring could bring job cuts - ETHRWorld They are communicated to Shell employees and contract staff and, where necessary and appropriate, to agents and business partners. Oksana Bilyk on LinkedIn: #shell 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. Zo Yujnovich was appointed Shells Upstream Director and joined the Executive Committee in October 2021. Zoe's career began in Australia with front line work in a number of mining roles. 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. 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 market would like to see them go external.. Copyright 2023 S&P Global. 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. Will His AI Plans Be Any Different? Subscribers with digital access can view this article. These standards are set out in the Shell General Business Principles and our Code of Conduct. Breaking news, sport, business and more. Climate change and energy transition. 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. 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. Shell is Woodside's biggest partner in the Browse project and both Woodside and Shell are facing pressure from the Morrison government to proceed. Mr Nunans appointment as her replacement was confirmed a day after Shells Queensland Gas Company (QGC) business celebrated the export of the 500th cargo LNG from its plant on Curtis Island. 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. The shake-up will see Shell Australia chairman Zoe Yujnovich move to company headquarters at The Hague. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. Looking back now, I certainly didn't have that in university. We have migrated to virtual courses and their uptake has increased from2020, when people were still new to the virtual ecosystem. The 19% of our workforce who have not provided data or have chosen not to declare their ethnicity were not included in our calculations. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. Under the Restricted Share Plan, awards are made on a highly selective basis to senior staff. The remaining 60% is linked to the comparative performance condition. In 2021, weformed the Global enABLEMENT Coalition, an internal forum bringing together enABLE networks and functions to create an inclusive, accessible and psychologically safe workplace for people with disabilities. Both appointments are effective Oct. 25, 2021. He joined Shell in 1988 and has held various HR positions across the Shell value chain, including regional roles in Europe and NE Asia/China, and global roles in HR Strategy & Regional Coordination, Retail and LPG. We seek to ensure everyone atShell has equal opportunities and feels included. 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. From 2021, 20% of the award is linked to the FCF measure and 20% is 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. Opinions expressed are those of the author. Shell has promoted Australian boss Zoe Yujnovich to The Hague to head its global oil and gas operations, triggering a major local leadership shake-up. See here for a complete list of exchanges and delays. Options havebeen granted over the Companys shares at market value on the invitation date. 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 . Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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 a member of The Valuable 500, a global business group whichseeks to eliminate the exclusion of disabled people and ensure thatdisability remains a priority for company leaders. 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). Zoe Yujnovich | Shell Global In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. 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. Our workplace accessibility (WPA) service currently serves 86 locations globally. 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. 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. We have a number of share plans designed to align employees interests with our performance through share ownership. 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. The deal was seen as a precursor to Shell eventually competing in the consumer space against the likes of Origin Energy and AGL. 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. The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell.
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