Options havebeen granted over the Companys shares at market value on the invitation date. In 2009, Huibert was appointed Vice President Supply & Distribution, Europe and Africa. Watch and listen to a variety of WA true crime series, video channels and podcasts with commentary on news, politics and current affairs. With over twenty years of global experience in the mining industry, Zoe joined Shell in 2014 as Vice President Oil Sands Joint Venture. Our approach reinforces respect for people and provides psychological safety for our LGBT+ employees in line with our core values. On January 1, 2020, Huibert succeeded John Abbott as Downstream Director and was appointed to the Executive Committee. Fri, 15 October 2021 1:02AM. Zoe Yujnovich Shell executive vice president for conventional oil and gas since 2019, The Hague The Netherlands Yujnovich joined Shell in 2014 from Rio Tinto to manage the Dutch company's oil sands operation in Canada. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. Wael was previously the Upstream Director and amember of the Executive Committee. Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements. Comments. Venture capitalists swap Paris Hilton for Al Gore, US blacklisting is no match for TikTok virality, Theres hope beyond moaning for European telcos, Adani contrarian is a win for Hindenburg, too, Exclusive news, data and analytics for financial market professionals. On October 25, 2021, Wael succeeded Maarten Wetselaar as Integrated Gas, Renewables and EnergySolutions Director. 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. 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. None of the awards result in beneficial ownership until the shares vest. . By contrast, Canadian Wael Sawan looks ideal. Facilitation payments are also prohibited. 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. In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. Sawan took office on Jan. 1 . 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. The global oil and gas giant said late today that Ms Yujnovich, who was posted to Shells headquarters in The Hague from Australia last year, would take over as the groups director of upstream on October 25. Shell has a global LGBT+ forum consisting of LGBT+ colleagues and allies. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. Zoe Yujnovich, who heads oil exploration, and Sinead Gorman, who recently joined as chief financial officer, are both well thought of. Under the Restricted Share Plan, awards are made on a highly selective basis to senior staff. Legal counsel provides legal advice globally and supports the implementation of programmes. We aim to increase racial and ethnic representation across our workforce so that we better reflect the communities in which we work and live. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. 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. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. Subscribers with digital access can view this article. (The author is a Reuters Breakingviews columnist. The table below shows actual employee numbers by geographical area. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. Zo has held various management positions in Downstream, Integrated Gas and Upstream. In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. See here for a complete list of exchanges and delays. We also provided resources for our employees under the Care-for-Self programme. Ms Yujnovich said on Friday that Australia was central to Shells LNG business and for its plans to move into providing cleaner energy. We offer a good practice anti-bribery and corruption e-learning course to third parties that may not have a training programme in place. 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 rate is low across a range of industries. 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. Shell is active in external organisations and activities thatadvance LGBT+ inclusion. 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 remaining 60% is linked to the comparative performance condition. Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. 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. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . In the UK, Shell was one of the first signatories to the Race at Work Charter of the Business in The Community organisation. She holds an engineering degree from the University of Western Australia and an Executive MBA from the University of Utah. The Enablement and disability inclusion focus area is sponsored by Harry Brekelmans, Projects & Technology Director and Huibert Vigeveno, Downstream Director. Search zoe yujnovich shell salary and check where the nearest petrol station is. Looking back now, I certainly didn't have that in university. 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. The employee engagement score is based on a well-researched and validated model that combines satisfaction, motivation, affiliation, loyaltyand dedication. 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. Will His AI Plans Be Any Different? 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). 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. The Shell Code of Conduct includes specific guidance forShellstaff, (which comprises employees and contract staff), on requirements to avoid or declare actual, potential or perceived conflictsofinterest, and on offering or accepting gifts and hospitality. 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. That's what I try to focus on at this point in my career. Two years and two months (appointed January 2020). Work-life balance is a bit tricky because it indicates that, at any moment, things are in perfect harmony. The Senior Management of the Company comprises the Executive Directors, Ben van Beurden and Jessica Uhl, and those listed below. Both appointments are effective Oct. 25. Shell shares were trading at 26.8 euros. This allowed us to continue to invest in people and capabilities, while maintaining our focus on safety. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. 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. 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. 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. Get notifications in MyBN when activity occurs. That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. Get exclusive discounts on movie tickets, dining and popular attractions. The shake-up will see Shell Australia chairman Zoe Yujnovich move to company headquarters at The Hague. We are creating an environment where people with disabilities can excel. The Board has delegated the oversight of the functioning of the Shell Global Helpline to the Audit Committee. As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. Our workplace accessibility (WPA) service currently serves 86 locations globally. Australian Petroleum Production and Exploration Association, Executive Vice President & Country Chair of Shell Australia, Executive Vice President, Oil Sands Operations. 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. They are communicated to Shell employees and contract staff and, where necessary and appropriate, to agents and business partners. Our Standards: The Thomson Reuters Trust Principles. 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. Shell shares were trading at 26.8 euros as of 1000 GMT on Sept. 2, up 1.7%. Directors and Senior Management. For 2019 and 2020, 22.5% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. As of December 31, 2021, there are no outstanding UK Sharesave or BG Sharesave options. Her role in Australia will be filled by Tony Nunan, who currently heads up the oil and gas giant's operations in eastern Australia. Allegations may be raised confidentially and anonymously through several channels, including a Shell Global Helpline operated by an independent provider. 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. With over twenty years' experience in the mining industry, Zoe now leads Shell's Athabasca Oil Sands Project (AOSP) which includes the Albian Sands mining facilities and the Scotford Upgrader. 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. 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. 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. We have around 3,000 people that are leaving on SVS. The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. In his new role, Wael Sawan will oversee Shell's continued expansion into low-carbon and renewable energies as well as the power markets. 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. The forum now has 14 chapters globally. 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. 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. 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. Now, I actually really value listening to others before I speak. This documentary-style series follows investigative journalists as they uncover the truth. 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. 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. All are members of the Executive Committee (see Governance Framework). 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. 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. Regular chances to win incredible prizes like luxury getaways and sports tickets with our subscriber exclusive competitions. Zoe Yujnovich, the current director of upstream, will head up a new directorate that combines the Integrated Gas and Upstream businesses. It's about finding out what gives you energy rather than what saps the energy from you. We pay particular attention to our due diligence procedures when dealing with third parties. From 2017 no further grants weremade under this plan. Number of selected key business countries. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. In 2012 he became Executive Chair of Shell in China, and in 2016 led the integration of BG Group. Climate change and energy transition. In 2008, he was appointed Head of Legal at Shell Singapore, having served as Associate General Counsel for Gas & Power in Asia-Pacific. 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. 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. We do not tolerate the direct or indirect offer, payment, solicitation oracceptance of bribes in any form. We enable, develop and improve their leadership qualities through global learning programmes, short- and long-term international assignments, and offering the possibility of moving between roles in different parts of the organisation. 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 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. 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. Eligible employees in participating countries may participate in the GlobalEmployee Share Purchase Plan. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The increase was caused by the rise in the availability of virtual courses as we rapidly digitalised, enabling people toattend virtually. 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. We monitor and report internally on adherence to select ethics and compliance requirements, such as mandatory training completion andduediligence screening. These numbers exclude those in companies with their own HR systems. She has more than 25 years experience in various aspects of industry, from frontline operations to project execution and strategic leadership. Zoe Yujnovich was appointed the Executive Vice President, Heavy Oil on January 1, 2016. As a woman in a male-dominated sector, I've had a very positive experience. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. In 2021, learners embraced the virtual courses. Theoutstanding awards take the form of nil-cost options. 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. He joined Shell in 1988 based in Australia and then moved to Hong Kong and later to London. Inthe UK, we partnered with PurpleSpace to launch a personal development programme called Empowered and enABLED to support employees with disabilities to build inner confidence, develop a sense of community and advocate for any adjustments or accommodations they require. We 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. Zo Yujnovich. 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. 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. View whole Malaysia gas station latest petrol prices, address, openning hours, videos, photos, reviews, location, news on WapCar. Follow us on Twitter: @globe_careersOpens in a new window. This was a one-off share award granted to all eligible employees of Shell on June 18, 2021. Two years and eight months (appointed July 2019). As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. These awards vest at the end of a one-year period. The remaining 67.5% is linked to the comparative performance condition mentioned above. She was previously executive vice president of oil sands, based in Calgary. I know what I know, I know what I don't know, and I don't know what I don't know. We track local national coverage. We also seek to provide what they need if they areworking remotely. Strong engagement helps us to accelerate our peoples development, enhance our leadership capabilities and improve employee performance. 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. 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. From 2021, 20% of the award is linked to the FCF measure and 20% is linked to an energy transition measure. 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. We benchmark ourselves externally, with consistent top-tier results. 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. Ed was previously Executive Vice President Strategy, Portfolio & Sustainability. Gemarkeerd als interessant door Zoe Yujnovich Neem nu deel om alle activiteiten te bekijken Ervaring Shell 8 jaar 5 maanden Upstream Director Shell okt. In an industry where women have been traditionally underrepresented, three of our five largest energy-trading divisions are led by women. These options are normally exercisable after completion of a three-year orfive-year contractual savings period. Wehaveachieved this target. Prior to joining Shell, she served in a number of management roles for Rio Tinto. This included offering funding to new joiners for home-use office equipment. Some information may no longer be current. Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. All quotes delayed a minimum of 15 minutes. 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. The opinions expressed are his own.). 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 most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. In November 2021, Harry played a key role in the partnership of Shell with energy technology firm Baker Hughes Co., in an effort to help the partnership achieve their targets of net-zero carbon emissions. There are many differences across cultures, some a bit obvious like the food we eat and the things we do. Zoe A Yujnovich is Exec VP/Dir:Upstream at Shell PLC. 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? We felt really at home here in Calgary, of course we miss Montreal, but Canada is a wonderful country to live in. 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. Shell has said it has the best alignments across the Browse venture the company has ever seen, but Ms Yujnovich has also indicated several details needed to be thrashed out to avoid issues down the track. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. One of the things that strikes me is just the generosity and the care in Canadian people. But in essence, there is a really strong commonality. Musk Made a Mess at Twitter. 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. 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. Prior to joining Shell in 2014, Ms Yujnovich held frontline and management roles in mining across three continents. We co-sponsored the UK 2021 Race at Work survey conducted bythemembership organisation Business in the Community. 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. Itprovides insights into employees views and has had a consistently highresponse rate. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Most recently she was Executive Vice President for Shells Conventional Oil & Gas business with operations in 19 countries. Royal Dutch Shell PLC has appointed Wael Sawan as integrated gas and renewable and energy solutions (R&ES) director and Zo Yujnovich as upstream director. Plenty of credible candidates exist to replace him, but one looks the most obvious. 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. She started her career as a civil engineer before moving into finance roles when she joined Shell in 1999. This award supports employee engagement in the Powering Progress strategy. He used to head oil production. Copyright 2023 S&P Global. We will also become a stronger organisation, with a richness ofexperience and views to guide us. Previously she was Country Chair for Shells businesses in Australia and New Zealand and Executive Vice President for Oil Sands in Canada. In certain circumstances, awards may be adjusted before delivery or subject to clawback after delivery. 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. 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. Green energy, currently a trifling contributor to revenue, could be the key to supporting Shells long-term revenue growth.
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