As of December 31, 2021, 8% of our Board members were from an ethnicminority. Australian Petroleum Production and Exploration Association, Executive Vice President & Country Chair of Shell Australia, Executive Vice President, Oil Sands Operations. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. 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. 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). For 2019 and 2020, 22.5% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. People all over the world want to come to work, be recognized for doing a great job, and contribute to something that energizes them. 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). 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. 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. 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. 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. Prior to joining Shell, she served in a number of management roles for Rio Tinto. Climate change and energy transition. Shell Upstream Director Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. 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. 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 also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Subscribers with digital access can view this article. Zo has lived in nine countries across five continents and sits on several not-for-profit Boards. Most of our work around LGBT+ inclusion happens at a country level in line with local policies, laws and regulations. Internal investigations confirmed 181 substantiated breaches of the Code of Conduct in 2021. We are creating an environment where people with disabilities can excel. If you work on the basis Kevin was offered it, it must mean the board is willing to entertain a change of strategy, said one investor source, noting Ms ONeill may be favoured if the strategy is to remain unchanged and Woodside proceeds with its $16 billion Scarborough gas project in Western Australia as envisaged by Mr Coleman. We introduced a global minimum standard for outplacement. Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements. 52, has been on Shell's executive committee since January 2016 as its head of integrated gas . In 2021, we continued to support our people and assist in the fight against COVID-19. The Enablement and disability inclusion focus area is sponsored by Harry Brekelmans, Projects & Technology Director and Huibert Vigeveno, Downstream Director. 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. Currently six out of 12 of our Board members are women. Our Real Estate teams developed guidance on returning to site safely for all of our locations. Its very consistent in the equity market that no one is excited about Meg, the source said. 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. In 2021, learners embraced the virtual courses. Zoe Yujnovich was appointed the Executive Vice President, Heavy Oil on January 1, 2016. We aim to increase racial and ethnic representation across our workforce so that we better reflect the communities in which we work and live. The LGBT+ focus area issponsored by Chief Financial Officer Jessica Uhl. 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. The four internal candidates for the top job all have their merits. We are part ofBlack Representation in Marketing (BRiM), a UK initiative to improve the representation of black people in marketing. The Senior Management of the Company comprises the Executive Directors, Ben van Beurden and Jessica Uhl, and those listed below. 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. And I'm always expanding my knowledge to what I don't know I don't know. 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 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. In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. These standards are set out in the Shell General Business Principles and our Code of Conduct. 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. Both appointments are effective Oct. 25, 2021. At December 31, 2021, there were a total of 82,000 employees at Shell. By contrast, Canadian Wael Sawan looks ideal. 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. Performing competitively in the evolving energy system requires competent and empowered people working safely togetheracross Shell. Number of selected key business countries. Our workplace accessibility (WPA) service currently serves 86 locations globally. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Musk Made a Mess at Twitter. The shake-up will see Shell Australia chairman Zoe Yujnovich move to company headquarters at The Hague. 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. Follow us on Twitter: @globe_careersOpens in a new window. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. The employee numbers presented here are the full-time equivalent numberof people employed by Shell on a full- or part-time basis, workingin Shell subsidiaries, Shell-operated joint operations, seconded tonon-Shell-operated joint operations, or joint ventures and associates. 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. 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. That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to 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. We track local national coverage. As of December 31, 2021, there are no outstanding UK Sharesave or BG Sharesave options. 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. On October 25, 2021, Zo succeeded Wael Sawan as Upstream Director and was appointed to the Executive Committee. Sawan took office on Jan. 1 . 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 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. 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. 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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. Zoe Yujnovich at Shell Canada, Calgary.Stephanie Leblond. Some information may no longer be current. For 2020, 11.25% of the award was linked to the FCF measure and 5% was linked to an energy transition measure. As a woman in a male-dominated sector, I've had a very positive experience. 2021- heden1 jaar 5 maanden. 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 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 . On January 1, 2020, Huibert succeeded John Abbott as Downstream Director and was appointed to the Executive Committee. Options havebeen granted over the Companys shares at market value on the invitation date. Our people are essential to the successful delivery of Shells strategy and to sustaining business performance over the long term. (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 . 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. All Rights Reserved. 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. The new division, which combines Shell's most profitable operations, will be headed by current upstream director Zoe Yujnovich, the company said in a statement on Monday. In the Netherlands, we began implementing our first Ethnic Inclusion action plan and established an employee sounding board to support thisprocess. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Violation of the Code of Conduct or its policies can result in disciplinary action, up to and including contract termination or dismissal. Dutchman Huibert Vigeveno heads Shells refining operations, which have been making money hand over fist amid record refining margins. 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. She has led Shell Australia for the past three years and in that time the company commissioned the $US10 billion ($14.8 billion) Prelude floating LNG facility. These awards vest at the end of a one-year period. Two other senior executives, chief financial officer Sherry Duhe and sustainability and technology head Shaun Gregory, are thought not to have made the final line-up. Copyright 2023 S&P Global. We also provided resources for our employees under the Care-for-Self programme. This isadecrease of three points compared with 2020 but still reflects the resilience of our people in a year of change. In 2021, 65% of our US employees were white; 33.2% were people ofcolour, with 13% Asian, 11.8% Hispanic/Latino, 8.4% black, and 1.8%in the Other category. Ronan previously served as EVP HR for both the Downstream and Upstream International businesses in turn. The remaining 30% is linked to the comparative performance condition. Six years and two months (appointed January 2016). We are working to address racial inequity. All rights reserved. We have around 3,000 people that are leaving on SVS. Under the Restricted Share Plan, awards are made on a highly selective basis to senior staff. My passion has been around trying to make a difference in how we contribute to developing the world from the resources that we have. There are many differences across cultures, some a bit obvious like the food we eat and the things we do. LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. 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. We believe that by achieving this ambition, we will contribute to a better and more equal world. 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. This included acting as Executive . With over twenty years of global experience in the mining industry, Zoe joined Shell in 2014 as Vice President Oil Sands Joint Venture. 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. 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. Copyright 2023 Surperformance. Sponsorship played a very important for my career. Webelong to PurpleSpace, a networking and professional development hub for disabled employees, employee network leads and allies from allsectors and trades. 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. Allegations may be raised confidentially and anonymously through several channels, including a Shell Global Helpline operated by an independent provider. Our approach reinforces respect for people and provides psychological safety for our LGBT+ employees in line with our core values. 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. Sean Smith. Wehaveachieved this target. She started her career as a civil engineer before moving into finance roles when she joined Shell in 1999. Wael was previously the Upstream Director and amember of the Executive Committee. Our approach starts with living up to our core values of honesty, integrity and respect for people. The rate is low across a range of industries. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. He also pulled off the $70 billion purchase of BG Group in 2016, which made it a leading force in liquefied natural gas (LNG). Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. While balancing cash-generating fossil fuels and emissions wont get any easier, Sawan looks the best placed to try. Shell has a global LGBT+ forum consisting of LGBT+ colleagues and allies. This allowed us to continue to invest in people and capabilities, while maintaining our focus on safety. This was a one-off share award granted to all eligible employees of Shell on June 18, 2021. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. None of the three key executives being talked about by investors, analysts and industry sources has been confirmed by either Woodside or in person. I know what I know, I know what I don't know, and I don't know what I don't know. The opinions expressed are his own.). We also provided tips on setting up and maintaining good ergonomics, working with others virtually and maintaining productivity. Subscribers with digital access can view this article. Zo Yujnovich was appointed Shells Upstream Director and joined the Executive Committee in October 2021. 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 successor shortlist includes Wael Sawan, Shell's head of integrated gas and renewables and Huibert Vigeveno, who heads the company's refining operations of downstream. In 2009, Huibert was appointed Vice President Supply & Distribution, Europe and Africa. Externally, in the USA, wework closely with the civil rights organisation National Urban League. 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. The Board has delegated the oversight of the functioning of the Shell Global Helpline to the Audit Committee. The support has included providing access to vaccines. 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. 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. Green energy, currently a trifling contributor to revenue, could be the key to supporting Shells long-term revenue growth. Zoe Yujnovich joined Shell in 2014 as Vice President Oil Sands Joint Venture, based in Calgary, Alberta. Donny was previously General Counsel for Projects & Technology, based in the Netherlands. [A] Legal counsel provides legal advice globally and supports the implementation of programmes. Looking back now, I certainly didn't have that in university. This article was published more than 6 years ago.