Shell is Woodside's biggest partner in the Browse project and both Woodside and Shell are facing pressure from the Morrison government to proceed. 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. 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. The opinions expressed are his own.). 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. Two years and two months (appointed January 2020). The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. While she admits to "pinching myself" over her appointment to run the local arm of Shell, which is easily Australia's biggest oil and gas producer and has a workforce of more than 2000 . Will His AI Plans Be Any Different? 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. (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 . In 2021, 78.5% of our UK employees identified as white and 21.5% were from an ethnic minority background. Shell CEO's first changes combine upstream and LNG operations 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. Our people - Shell Annual Report and Accounts 2021 Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. Huibert was previously Executive Vice President Global Commercial. This shows in the increase in the number of completions and the corresponding rise in training person days(TPD) of 37,000 compared with 2020. Huibert was previously Executive Vice President Global Commercial. By contrast, Canadian Wael Sawan looks ideal. In line with the UN Global Compact Principle 10 (businesses should workagainst corruption in all its forms, including extortion and bribery), we maintain a global anti-bribery and corruption/anti-money laundering (ABC/AML) programme designed to prevent, detect, remediate and learnfrom potential violations. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Female contenders vie for Woodside CEO role - Australian Financial Review My passion has been around trying to make a difference in how we contribute to developing the world from the resources that we have. Whether Woodsides new CEO will expand the Pluto LNG project is a point of debate among investors. 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. 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. 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. Shell shares were trading at 26.8 euros as of 1000 GMT on Sept. 2, up 1.7%. Eligible employees of participating Shell companies in the UK may participate in the Shell All Employee Share Ownership Plan, under which monthly contributions from gross pay are made towards the purchase of the Companys shares. 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. We have a number of share plans designed to align employees interests with our performance through share ownership. The Board has delegated the oversight of the functioning of the Shell Global Helpline to the Audit Committee. 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. For every six shares purchased by the employee, one matching share is provided at no cost to the employee. We are working to advance LGBT+ inclusion within 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. 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. Zoe Yujnovich elevated to Shell's senior ranks with new promotion. 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. Ms Yujnovich will take up a key role in shaping Shells future in conventional oil and gas across 18 countries, excluding Australia, from January. Climate change and energy transition. Zoe A Yujnovich is Exec VP/Dir:Upstream at Shell PLC. See Zoe A Yujnovich's compensation, career history, education, & memberships. Get the news you want delivered straight to your inbox so you never miss a headline. 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. Thisincludes equal access to valuable educational resources, training programmes, and emphasis on personal and professional development. 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). 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). (The author is a Reuters Breakingviews columnist. In 2008, he was appointed Head of Legal at Shell Singapore, having served as Associate General Counsel for Gas & Power in Asia-Pacific. 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. See here for a complete list of exchanges and delays. None of the awards result in beneficial ownership until the shares vest. Copyright 2023 Surperformance. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. Senior Management - Shell Annual Report and Accounts 2021 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. I use it as a meditation time. 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. Our ethnic minority employees identified as Asian (13.1%), black (3.4%), mixed (2.4%) or another ethnic background (2.6%). formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). In 2021, 47% of our graduate recruits were female, compared with 49% in2020. Previously she was Country Chair for Shells businesses in Australia and New Zealand and Executive Vice President for Oil Sands in Canada. 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. Shell belongs totheBusiness Disability Forum. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. In 2021, learners embraced the virtual courses. Our workplace accessibility (WPA) service currently serves 86 locations globally. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. All rights reserved. Zoe Yujnovich elevated to Shell's senior ranks with new promotion 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. Breakingviews: Shell's next boss looks a shoo-in | 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 world. It's not a time to focus; it's actually a time to lose focus and try not to have my mind filled with too many distractions. Some information may no longer be current. 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. 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: 'I actually really value listening to others before I 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. 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. Number of selected key business countries. But I have found, and have come to appreciate, that for some, they gain energy from a walk in the park, or from visiting an art gallery, or from spending time with their kids or their family. Plenty of credible candidates exist to replace him, but one looks the most obvious. We also seek to provide what they need if they areworking remotely. We also provided tips on setting up and maintaining good ergonomics, working with others virtually and maintaining productivity. Huibert Vigeveno, the current downstream director, will . Looking back now, I certainly didn't have that in university. 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. 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. We are committed to ensuring allsuch incidents are investigated by specialists in accordance with our Investigation Principles. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Zoe A Yujnovich, Shell PLC: Profile and Biography We promote equal opportunity and create an environment where people feel included, regardless of sexual orientation or gender identity. 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. Zoe Yujnovich, who heads oil exploration, and Sinead Gorman, who recently joined as chief financial officer, are both well thought of. We monitor and report internally on adherence to select ethics and compliance requirements, such as mandatory training completion andduediligence screening. Webelong to PurpleSpace, a networking and professional development hub for disabled employees, employee network leads and allies from allsectors and trades. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. 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. 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. 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. 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 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. This is the percentage of senior local nationals (those working in their respective base country and those expatriated) against the total number of senior leadership positions intheirbase country. Currently six out of 12 of our Board members are women. He used to head oil production. 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. Shell will combine its oil and gas production and liquefied natural gas (#LNG) divisions as part of broader changes under new CEO Wael Sawan, which the company 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. Employees who are about to leave typically have a lower response rate than those who plan to stay with a company. The average employee engagement score was 75 points out of 100. 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. One of the things that strikes me is just the generosity and the care in Canadian people. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . Gemarkeerd als interessant door Zoe Yujnovich Neem nu deel om alle activiteiten te bekijken Ervaring Shell 8 jaar 5 maanden Upstream Director Shell okt. 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. Ed was previously Executive Vice President Strategy, Portfolio & Sustainability. That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. Performing competitively in the evolving energy system requires competent and empowered people working safely togetheracross Shell. 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). 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. She has more than 25 years experience in various aspects of industry, from frontline operations to project execution and strategic leadership. 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. Breaking news, sport, business and more. Sean Smith The West Australian. The rate is low across a range of industries. Maurice B. Shaw on LinkedIn: Shell to combine its integrate gas Veteran Shell director departs amid shake-up by new chief executive 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. The remaining 67.5% is linked to the comparative performance condition mentioned above. 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. These awards vest at the end of a one-year period. But an ongoing energy crisis means oil prices could hover around $100 a barrel for a while, which legitimises hanging around in fossil fuels. She has led Shell Australia for the past. We also provided resources for our employees under the Care-for-Self programme. BHP's Geraldine Slattery leads pack to replace Peter Coleman at Woodside LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. Harry was previously Executive Vice President Upstream International Operated, based in the Netherlands. On October 25, 2021, Zo succeeded Wael Sawan as Upstream Director and was appointed to the Executive Committee. Zo Yujnovich - ADIPEC 2022 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. This included offering funding to new joiners for home-use office equipment. As of December 31, 2021, there are no outstanding UK Sharesave or BG Sharesave options. 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. This was a one-off share award granted to all eligible employees of Shell on June 18, 2021. Prior to joining Shell, she served in a number of management roles for Rio Tinto. 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. 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). 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. . In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. We want everyone to have a strong sense of belonging, irrespective of our differences. 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. As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. Shares are awarded subject to a three-year retention period. While balancing cash-generating fossil fuels and emissions wont get any easier, Sawan looks the best placed to try. Dutchman Huibert Vigeveno heads Shells refining operations, which have been making money hand over fist amid record refining margins. 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. SHEL Company Profile & Executives - Shell PLC ADR - The Wall Street Journal 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. The stuff I know I don't know, I can actually get help and support on. In 2009, Huibert was appointed Vice President Supply & Distribution, Europe and Africa. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. This ensured that all employees whowere leaving Shell had access to an independent professional careercoach who could offer individualised support. Both appointments are effective Oct. 25. To support the Code of Conduct, we have mandatory risk-based procedures and controls that address a range of compliance risks and ensure that we focus resources, reporting and attention appropriately. 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 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.