Most of our work around LGBT+ inclusion happens at a country level in line with local policies, laws and regulations. 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. We are creating an environment where people with disabilities can excel. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. These numbers exclude those in companies with their own HR systems. The shake-up will see Shell Australia chairman Zoe Yujnovich move to company headquarters at The Hague. None of the awards result in beneficial ownership until the shares vest. 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. 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 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. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. See here for a complete list of exchanges and delays. 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. Sponsors are the people who were advocating, perhaps, without my knowledge. She started her career as a civil engineer before moving into finance roles when she joined Shell in 1999. Gemarkeerd als interessant door Zoe Yujnovich Neem nu deel om alle activiteiten te bekijken Ervaring Shell 8 jaar 5 maanden Upstream Director Shell okt. Zoe Yujnovich at Shell Canada, Calgary.Stephanie Leblond. 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. We monitor and report internally on adherence to select ethics and compliance requirements, such as mandatory training completion andduediligence screening. While balancing cash-generating fossil fuels and emissions wont get any easier, Sawan looks the best placed to try. Australian Petroleum Production and Exploration Association, Executive Vice President & Country Chair of Shell Australia, Executive Vice President, Oil Sands Operations. Shell says restructuring could bring job cuts - ETHRWorld Strong engagement helps us to accelerate our peoples development, enhance our leadership capabilities and improve employee performance. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. Maurice B. Shaw on LinkedIn: Shell to combine its integrate gas Zoe Yujnovich elevated to Shell's senior ranks with new promotion Performing competitively in the evolving energy system requires competent and empowered people working safely togetheracross Shell. Now, I actually really value listening to others before I speak. For 2020, 11.25% of the award was linked to the FCF measure and 5% was linked to an energy transition measure. With over twenty years of global experience in the mining industry, Zoe joined Shell in 2014 as Vice President Oil Sands Joint Venture. Advice for leaders: You can't look away anymore The average employee engagement score was 75 points out of 100. 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 rate is low across a range of industries. Zoe Yujnovich and Wael Sawan get major roles, while exiting Maarten Wetselaar will become Cepsa chief executive 15 October 2021 10:05 GMT Updated 15 October 2021 11:41 GMT By Vladimir Afanasiev This article was published more than 6 years ago. We benchmark ourselves externally, with consistent top-tier results. In 2021, the response rate was 83%, a decrease of 3.1percentage points compared with 2020. 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. There are many differences across cultures, some a bit obvious like the food we eat and the things we do. Subscribers with digital access can view this article. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Zoe Yujnovich, the current director of upstream, will head up a new directorate that combines the Integrated Gas and Upstream businesses. (The author is a Reuters Breakingviews columnist. Zoe's career began in Australia with front line work in a number of mining roles. None of the three key executives being talked about by investors, analysts and industry sources has been confirmed by either Woodside or in person. Shell Upstream Director Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. 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. 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. 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. On January 1, 2020, Huibert succeeded John Abbott as Downstream Director and was appointed to the Executive Committee. We introduced a global minimum standard for outplacement. 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. 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The forum now has 14 chapters globally. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. We have constantly sought to show care for anyone losing theirrole. Shell is Woodside's biggest partner in the Browse project and both Woodside and Shell are facing pressure from the Morrison government to proceed. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". My passion has been around trying to make a difference in how we contribute to developing the world from the resources that we have. We want everyone to have a strong sense of belonging, irrespective of our differences. 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. Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. 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 table below shows actual employee numbers by geographical area. We provide support and make adjustments for people with disabilities during the recruitment process and throughout their careers with Shell. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. 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. She joined Rio Tinto in 1996, after obtaining an engineering degree from the University of Western Australia, where she held roles including company president in Brazil and chief executive of the Iron Ore Company of Canada. We have migrated to virtual courses and their uptake has increased from2020, when people were still new to the virtual ecosystem. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. 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. 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 felt really at home here in Calgary, of course we miss Montreal, but Canada is a wonderful country to live in. 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. Despite battling with two major oil price slumps and an unprecedented 66% cut to Shells dividend in April 2020, Van Beurdens track record looks acceptable. In August, we launched our new organisational structure as part of the Reshape initiative. 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. Shell announces changes to Executive Committee | Shell Global 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. Mr Nunan joined QGC as legal counsel in 2008, was managing director after a takeover by BG Group and then returned to run the business when it passed into Shell hands in 2016. 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. 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. He joined Shell in 1988 and has held roles in Shells Upstream, Integrated Gas, and Downstream businesses and our Projects & Technology organisation. 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. Our Standards: The Thomson Reuters Trust Principles. 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. Our approach starts with living up to our core values of honesty, integrity and respect for people. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. See here for a complete list of exchanges and delays. From 2017 no further grants weremade under this plan. Dutchman Huibert Vigeveno heads Shells refining operations, which have been making money hand over fist amid record refining margins. Follow the topics, people and companies that matter to you. 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. Copyright 2023 Surperformance. Our core values are undermined if decisions are taken which fall short of the expected standards of ethical behaviour and compliance. I gain a lot of energy by keeping fit, and I enjoy competing in half and full marathons. In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. Get the news you want delivered straight to your inbox so you never miss a headline. In 2021, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. 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. Previously she was Country Chair for Shells businesses in Australia and New Zealand and Executive Vice President for Oil Sands in Canada. 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 certain circumstances, awards may beadjusted before delivery or subject to clawback after delivery. 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. Shell has a global LGBT+ forum consisting of LGBT+ colleagues and allies. 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. LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. It's somewhat subtle, but I think mentors tend to be more active in terms of perhaps guiding me on specific things. These options are normally exercisable after completion of a three-year orfive-year contractual savings period. Senior Management - Shell Annual Report and Accounts 2021 Both appointments are effective Oct. 25. Under the Restricted Share Plan, awards are made on a highly selective basis to senior staff. 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. Note 27 to the Consolidated Financial Statements provides the average number of employees by business segment. The global . 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. 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. 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. From 2021, 10% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. 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. Our people are essential to the successful delivery of Shells strategy and to sustaining business performance over the long term. The deal was seen as a precursor to Shell eventually competing in the consumer space against the likes of Origin Energy and AGL. In the Netherlands, we began implementing our first Ethnic Inclusion action plan and established an employee sounding board to support thisprocess. We are committed to ensuring allsuch incidents are investigated by specialists in accordance with our Investigation Principles. He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. 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. 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. This award supports employee engagement in the Powering Progress strategy. Two of our LGBT+ colleagues were featured in the OUTstanding 2021 LGBT+ Future Leaders List. Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements. Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. Looking back now, I certainly didn't have that in university. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. Our people - Shell Annual Report and Accounts 2021 Our kids grew up in Montreal and so have a very strong language in French. He used to head oil production. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. Zoe A Yujnovich, Shell PLC: Profile and Biography Legal counsel provides legal advice globally and supports the implementation of programmes. 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. For every six shares purchased by the employee, one matching share is provided at no cost to the employee. They are communicated to Shell employees and contract staff and, where necessary and appropriate, to agents and business partners. Wael was previously the Upstream Director and amember of the Executive Committee. The proportion of voluntary resignations in Shell was 4.4% in 2021 compared with 2.6% in 2020. We have a number of share plans designed to align employees interests with our performance through share ownership. Shell said Godson Njoku, currently executive vice-president of production support and excellence, would step into Mr Nunan's role as vice-president east (Australia). 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. 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. Donny was previously General Counsel for Projects & Technology, based in the Netherlands. We pay particular attention to our due diligence procedures when dealing with third parties. Itprovides insights into employees views and has had a consistently highresponse rate. Opinions expressed are those of the author. Woodside Petroleum looks odds-on to have its first female chief executive, with the decision by Santos CEO Kevin Gallagher to remove himself from contention leaving two or three senior women oil and gas executives as the top candidates being talked about in the market. 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. 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. LONDON, Sept 2 (Reuters Breakingviews) - Shell (SHEL.L) is about to get a new boss. 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. Shell appoints new heads of upstream and gas-renewables divisions That's what I try to focus on at this point in my career. From 2021, 20% of the award is linked to the FCF measure and 20% is linked to an energy transition measure. 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. 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 Reshape initiative in 2021 involved job reductions in line with our expectation that around 8,000 jobs will be reduced by the end of 2022. 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 Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. The LGBT+ focus area issponsored by Chief Financial Officer Jessica Uhl. I know what I know, I know what I don't know, and I don't know what I don't know. Neither she nor Ms Slattery has experience as CEO of a listed oil and gas producer, with the same for Ms ONeill. 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 was a one-off share award granted to all eligible employees of Shell on June 18, 2021. Everyone wants to make a real difference. Huibert Vigeveno | Shell Global When expanded it provides a list of search options that will switch the search inputs to match the current selection. BHP's Geraldine Slattery leads pack to replace Peter Coleman at Woodside Zoe Yujnovich: 'I actually really value listening to others before I Ms Yujnovich said on Friday that Australia was central to Shells LNG business and for its plans to move into providing cleaner energy. 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. He joined Shell in 1988 based in Australia and then moved to Hong Kong and later to London. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. Prior to joining Shell, she served in a number of management roles for Rio Tinto. Zo Yujnovich will become the second woman on Shell's eight-strong executive committee.
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