In 2012 he became Executive Chair of Shell in China, and in 2016 led the integration of BG Group. The stuff I know I don't know, I can actually get help and support on. They are communicated to Shell employees and contract staff and, where necessary and appropriate, to agents and business partners. Shell belongs totheBusiness Disability Forum. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. We seek to ensure everyone atShell has equal opportunities and feels included. 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. 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. Our core values are undermined if decisions are taken which fall short of the expected standards of ethical behaviour and compliance. We aim to increase racial and ethnic representation across our workforce so that we better reflect the communities in which we work and live. This button displays the currently selected search type. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. As of December 31, 2021, there are no outstanding UK Sharesave or BG Sharesave options. 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. 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. Both appointments are effective 25th October 2021. We introduced a global minimum standard for outplacement. Its very consistent in the equity market that no one is excited about Meg, the source said. 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. Breaking news, sport, business and more. As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. We provide our people with what they need to work in our offices and other locations, with flexibility for staff based on their reasonable business and personal needs. 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. We have a number of share plans designed to align employees interests with our performance through share ownership. Follow the topics, people and companies that matter to you. These options are normally exercisable after completion of a three-year orfive-year contractual savings period. 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'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. 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Huibert was previously Executive Vice President Global Commercial. Before that, John Akehurst joined from Woodsides then cornerstone shareholder Shell, initially seconded into the Australian company before taking over as CEO two years later from Charles Allen, who was in the role for 16 years. All quotes delayed a minimum of 15 minutes. Currently six out of 12 of our Board members are women. In certain circumstances, awards may be adjusted before delivery or subject to clawback after delivery. A female appointee would stand out among the male-dominated ranks of CEOs of Australias listed oil and gas producers, where FAR Ltds Cath Norman has been one of the few in the past few years. Wehaveachieved this target. 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. 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. She is married with three children. The successor shortlist includes Wael Sawan, Shell's head of integrated gas and renewables and Huibert Vigeveno, who heads the company's refining operations of downstream. LONDON, Sept 2 (Reuters Breakingviews) - Shell (SHEL.L) is about to get a new boss. Plenty of credible candidates exist to replace him, but one looks the most obvious. Neither she nor Ms Slattery has experience as CEO of a listed oil and gas producer, with the same for Ms ONeill. 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. The Board has delegated the oversight of the functioning of the Shell Global Helpline to the Audit Committee. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). In 2008, he was appointed Head of Legal at Shell Singapore, having served as Associate General Counsel for Gas & Power in Asia-Pacific. Opinions expressed are those of the author. Dutchman Huibert Vigeveno heads Shells refining operations, which have been making money hand over fist amid record refining margins. Zo Yujnovich was appointed Shells Upstream Director and joined the Executive Committee in October 2021. We track local national coverage. Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. 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. The rate is low 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. Zoe Yujnovich, who heads oil exploration, and Sinead Gorman, who recently joined as chief financial officer, are both well thought of. Webelong to PurpleSpace, a networking and professional development hub for disabled employees, employee network leads and allies from allsectors and trades. And I'm always expanding my knowledge to what I don't know I don't know. 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. That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. The Shell Ethics and Compliance Office regularly reviews and revises all ethics and compliance programmes to ensure they remain up to date with applicable laws, regulations and best practices. Zo Yujnovich. Zoe Yujnovich at Shell Canada, Calgary.Stephanie Leblond. 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. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. 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. Russia's war on Ukraine latest: Putin casts war as battle for nation's survival, India FM Jaishankar says Soros dangerous, debate needed on democracy, Buffett's Berkshire profit falls on investments, currencies, Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker', Elon Musk recruits team to develop OpenAI rival - The Information, Hedge fund manager Chris Hohn demands Airbus drop Atos deal - letter, Elon Musk's challenge: Stay ahead of the competition, ISS urges Apple shareholders to vote for CEO Tim Cook, other execs' pay packages, Elon Musk accuses media of racism after newspapers drop 'Dilbert' cartoon, French media billionaire Niel fails with bid for TNT television frequence - Arcom. Most recently she was Executive Vice President for Shells Conventional Oil & Gas business with operations in 19 countries. This was just short of our ambition to have 30% representation ofwomen in our senior leadership positions by 2021, but it was also anincrease of 1.7 percentage points compared with the end of 2020. Senior leadership positions comprises our top 1,250 leaders and is aShell measure based on salary group levels and is distinct from the termsenior manager in the statutory disclosures in the table below. In 2021, 78.5% of our UK employees identified as white and 21.5% were from an ethnic minority background. Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements. 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. Shell is active in external organisations and activities thatadvance LGBT+ inclusion. 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. Directors and Senior Management. My passion has been around trying to make a difference in how we contribute to developing the world from the resources that we have. As a result of different notice periods in various markets, people are continuing to leave until the end of 2022. Now, I actually really value listening to others before I speak. Both appointments are effective Oct. 25, 2021. 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. 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. Leading the pack is former Shell Australia chairwoman Zoe Yujnovich, now a heavy hitter at the energy giants global headquarters in The Hague where she heads the worldwide conventional oil and gas business. 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). For 2020, 11.25% of the award was linked to the FCF measure and 5% was linked to an energy transition measure. Our workplace accessibility (WPA) service currently serves 86 locations globally. We have around 3,000 people that are leaving on SVS. Ed was previously Executive Vice President Strategy, Portfolio & Sustainability. 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. Performing competitively in the evolving energy system requires competent and empowered people working safely togetheracross Shell. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. In his new role, Wael Sawan will oversee Shell's continued expansion into low-carbon and renewable energies as well as the power markets. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. 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. People all over the world want to come to work, be recognized for doing a great job, and contribute to something that energizes them. 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. 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 Harry was previously Executive Vice President Upstream International Operated, based in the Netherlands. That's really been what fuels my passion. The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. Copyright 2023 S&P Global. 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. Two years and two months (appointed January 2020). 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. 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. 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, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. The market would like to see them go external.. Externally, in the USA, wework closely with the civil rights organisation National Urban League. These options are normally exercisable after completion of a three-year contractual savings period. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. 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. Looking back now, I certainly didn't have that in university. Under all plans, all shares that vest are increased by an amount equal to the notional dividends accrued on those shares during the period from the award date to the vesting date. We pay particular attention to our due diligence procedures when dealing with third parties. We want everyone to have a strong sense of belonging, irrespective of our differences. Follow us on Twitter: @globe_careersOpens in a new window. 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. We investigate all good-faith allegations of breaches of the Code ofConduct, however they are raised. 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. See Note 22 to the Consolidated Financial Statements. We also seek to provide what they need if they areworking remotely. Under the Restricted Share Plan, awards are made on a highly selective basis to senior staff. 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 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. 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. 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. In August, we launched our new organisational structure as part of the Reshape initiative. 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. Sean Smith. Sean Smith The West Australian. Sponsorship played a very important for my career. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Zo Yujnovich will become the second woman on Shell's eight-strong executive committee. 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. Under the Long-term Incentive Plan (LTIP) awards made in 2018, 25% of the award is linked to the FCF measure and the remaining 75% is linked to the comparative performance conditions mentioned above. 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. 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. He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. 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. 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. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. We felt really at home here in Calgary, of course we miss Montreal, but Canada is a wonderful country to live in. When expanded it provides a list of search options that will switch the search inputs to match the current selection. Zoe Yujnovich was appointed the Executive Vice President, Heavy Oil on January 1, 2016. Options havebeen granted over the Companys shares at market value on the invitation date. Copyright 2023 Surperformance. 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. 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. Everyone wants to make a real difference. 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. But he now runs Shells Integrated Gas and Renewables arm which includes LNG and green activities like solar and wind. Two of our LGBT+ colleagues were featured in the OUTstanding 2021 LGBT+ Future Leaders List. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Ms Yujnovich said on Friday that Australia was central to Shells LNG business and for its plans to move into providing cleaner energy. 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. We are creating an environment where people with disabilities can excel. Zoe's career began in Australia with front line work in a number of mining roles. These awards vest at the end of a one-year period. Ms Yujnovich, who upset the Morrison government before the May federal election by suggesting Australia should consider re-introducing a price on carbon, said Shells business continued to evolve with a focus on cleaner energy.
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