Chief Executive Ben van Beurden, who has been in situ since the start of 2014, is likely to step down from the $192 billion oil giant next year, Reuters has reported read more . Sawan took office on Jan. 1 . Copyright 2023 Surperformance. Zo has held various management positions in Downstream, Integrated Gas and Upstream. The Shell plc Annual Report (this Report) serves as the Annual Report and Accounts in accordance with UK requirements for the year ended December 31, 2021, for Shell plc (the Company) and its subsidiaries (collectively referred to as Shell). As of December 31, 2021, there are no outstanding UK Sharesave or BG Sharesave options. 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. Two years and two months (appointed January 2020). The rate is low across a range of industries. 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 also seek to provide what they need if they areworking remotely. . These awards vest at the end of a one-year period. 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. Breaking news, sport, business and more. 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 world. The increase was caused by the rise in the availability of virtual courses as we rapidly digitalised, enabling people toattend virtually. 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. We are committed to ensuring allsuch incidents are investigated by specialists in accordance with our Investigation Principles. Options havebeen granted over the Companys shares at market value on the invitation date. Theoutstanding awards take the form of nil-cost options. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. The market would like to see them go external.. We are working to advance LGBT+ inclusion within Shell. 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. We believe that by achieving this ambition, we will contribute to a better and more equal world. In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. Violation of the Code of Conduct or its policies can result in disciplinary action, up to and including contract termination or dismissal. The remaining 33.75% was linked to the comparative performance condition. We track local national coverage. Governance of climate-related risks and opportunities, Impact of climate-related risks and opportunities, Safety, Environment and Sustainability Committee, Other regulatory and statutory information, Deputy Chair and Senior Independent Director, Chief Human Resources and Corporate Officer, Strategy, Sustainability and Corporate Relations Director, Integrated Gas, Renewables and Energy Solutions Director, Note 28 This ensured that all employees whowere leaving Shell had access to an independent professional careercoach who could offer individualised support. On October 25, 2021, Wael succeeded Maarten Wetselaar as Integrated Gas, Renewables and EnergySolutions Director. We launched two mandatory training courses for all staff in 2021: Respect in the Workplace and Conscious Inclusion. We introduced a global minimum standard for outplacement. In August, we launched our new organisational structure as part of the Reshape initiative. Ms Yujnovich will take up a key role in shaping Shell's future in conventional oil and gas across 18 countries, excluding Australia, from January. We also provided resources for our employees under the Care-for-Self programme. 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. 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. In an industry where women have been traditionally underrepresented, three of our five largest energy-trading divisions are led by women. 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. She has led Shell Australia for the past. Our Standards: The Thomson Reuters Trust Principles. Some information may no longer be current. 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. Work-life balance is a bit tricky because it indicates that, at any moment, things are in perfect harmony. This button displays the currently selected search type. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. 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 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. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. I am an extrovert-turned-introvert. We have constantly sought to show care for anyone losing theirrole. On October 25, 2021, Zo succeeded Wael Sawan as Upstream Director and was appointed to the Executive Committee. We will also become a stronger organisation, with a richness ofexperience and views to guide us. Her role in Australia will be filled by Tony Nunan, who currently heads up the oil and gas giant's operations in eastern Australia. 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. In his new role, Wael Sawan will oversee Shell's continued expansion into low-carbon and renewable energies as well as the power markets. 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. While balancing cash-generating fossil fuels and emissions wont get any easier, Sawan looks the best placed to try. The table below shows actual employee numbers by geographical area. 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. 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. 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. Our core values are undermined if decisions are taken which fall short of the expected standards of ethical behaviour and compliance. Regular chances to win incredible prizes like luxury getaways and sports tickets with our subscriber exclusive competitions. To further support staff with disabilities, we have created internal employee resource groups, including the enABLE networks that support and highlight the work of disabled employees in Shell. 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. See Note 22 to the Consolidated Financial Statements. He also pulled off the $70 billion purchase of BG Group in 2016, which made it a leading force in liquefied natural gas (LNG). The deal was seen as a precursor to Shell eventually competing in the consumer space against the likes of Origin Energy and AGL. From 2011 to 2013, he was Country Chair Russia and Executive Vice President for Russia and the Caspian region. The forum now has 14 chapters globally. Get the news you want delivered straight to your inbox so you never miss a headline. Currently six out of 12 of our Board members are women. 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. The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. The support has included providing access to vaccines. We do not tolerate the direct or indirect offer, payment, solicitation oracceptance of bribes in any form. 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. There are many differences across cultures, some a bit obvious like the food we eat and the things we do. 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. 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. Employees who are about to leave typically have a lower response rate than those who plan to stay with a company. Both appointments are effective 25th October 2021. We offer a good practice anti-bribery and corruption e-learning course to third parties that may not have a training programme in place. 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 2021, a total of 271,000 formal training days were provided for employees and joint-venture partners, compared with 234,000 in 2020and 373,000 in 2019. 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. In 2012 he became Executive Chair of Shell in China, and in 2016 led the integration of BG Group. 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. Will His AI Plans Be Any Different? Zo Yujnovich was appointed Shells Upstream Director and joined the Executive Committee in October 2021. Zoe Yujnovich joined Shell in 2014 as Vice President Oil Sands Joint Venture, based in Calgary, Alberta. The shake-up will see Shell Australia chairman Zoe Yujnovich move to company headquarters at The Hague. There were a total of 87,000 employees atDecember 31, 2020, and December 31, 2019. Get notifications in MyBN when activity occurs. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. 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. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. In the UK, Shell was one of the first signatories to the Race at Work Charter of the Business in The Community organisation. 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. 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. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. 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. Everyone wants to make a real difference. He previously served as Shells UK Country Chair. This result gives Shell one ofthe leading employee engagement scores across a range of industries. Shell is Woodside's biggest partner in the Browse project and both Woodside and Shell are facing pressure from the Morrison government to proceed. In 2021, 47% of our graduate recruits were female, compared with 49% in2020. Two years and eight months (appointed July 2019). 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. Zo Yujnovich will become the second woman on Shell's eight-strong executive committee. Whether Woodsides new CEO will expand the Pluto LNG project is a point of debate among investors. 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. We are part ofBlack Representation in Marketing (BRiM), a UK initiative to improve the representation of black people in marketing. He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. By contrast, Canadian Wael Sawan looks ideal. Zo Yujnovich. Prior to her current role, Zo was the Executive Vice President for Shell's Conventional Oil and Gas business, which spans 19 countries including Nigeria, UK, Malaysia, Oman, Brunei and Kazakhstan. Legal counsel provides legal advice globally and supports the implementation of programmes. From 2021, 20% of the award is linked to the FCF measure and 20% is linked to an energy transition measure. 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. But an ongoing energy crisis means oil prices could hover around $100 a barrel for a while, which legitimises hanging around in fossil fuels. Our approach starts with living up to our core values of honesty, integrity and respect for people. In the Netherlands, we began implementing our first Ethnic Inclusion action plan and established an employee sounding board to support thisprocess. We are focusing on the USA, UK and Netherlands because these are theShell hubs where we see the most significant opportunities for representation and inclusion of minority staff. This documentary-style series follows investigative journalists as they uncover the truth. Dutchman Huibert Vigeveno heads Shells refining operations, which have been making money hand over fist amid record refining margins. Watch and listen to a variety of WA true crime series, video channels and podcasts with commentary on news, politics and current affairs. 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. 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). Neither she nor Ms Slattery has experience as CEO of a listed oil and gas producer, with the same for Ms ONeill. 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. He joined Shell in 1988 and has held roles in Shells Upstream, Integrated Gas, and Downstream businesses and our Projects & Technology organisation. Fri, 15 October 2021 1:02AM. As a woman in a male-dominated sector, I've had a very positive experience. 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. But in essence, there is a really strong commonality. The Senior Management of the Company comprises the Executive Directors, Ben van Beurden and Jessica Uhl, and those listed below. They are communicated to Shell employees and contract staff and, where necessary and appropriate, to agents and business partners. She has more than 25 years' experience in various aspects of industry, from frontline operations to project execution and strategic leadership. 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. Follow the topics, people and companies that matter to you. 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. She is married with three children. Strong engagement helps us to accelerate our peoples development, enhance our leadership capabilities and improve employee performance. 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. We provide support and make adjustments for people with disabilities during the recruitment process and throughout their careers with Shell. Shell Upstream Director Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. 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. Shell has shortlisted four candidates to succeed veteran Chief Executive Ben van Beurden who is preparing to step down next year after nearly a decade at the helm of the $192 billion energy firm, two company sources told Reuters. 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. This allowed us to continue to invest in people and capabilities, while maintaining our focus on safety. The remaining 30% is linked to the comparative performance condition. We are focusing on removing barriers and creating equality of opportunity in four strategic priority areas: gender; race and ethnicity; lesbian, gay, bisexual and transgender (LGBT+); and enablement and disabilities inclusion, as set out in our powering lives commitments to diversity and inclusion. Australian Petroleum Production and Exploration Association, Executive Vice President & Country Chair of Shell Australia, Executive Vice President, Oil Sands Operations. 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. 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. For further information on stakeholder engagement, see Governance. In 2021, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. The Enablement and disability inclusion focus area is sponsored by Harry Brekelmans, Projects & Technology Director and Huibert Vigeveno, Downstream Director.
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