The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. The remaining 30% is linked to the comparative performance condition. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. We offer a good practice anti-bribery and corruption e-learning course to third parties that may not have a training programme in place. Both appointments are effective 25th October 2021. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. Search zoe yujnovich shell salary and check where the nearest petrol station is. Ms Yujnovich said on Friday that Australia was central to Shells LNG business and for its plans to move into providing cleaner energy. We are committed to ensuring allsuch incidents are investigated by specialists in accordance with our Investigation Principles. Musk Made a Mess at Twitter. Under the Performance Share Plan (PSP), 50% of the award is linked to certain indicators described in Performance indicators, averaged over the performance period. As a woman in a male-dominated sector, I've had a very positive experience. Donny was previously General Counsel for Projects & Technology, based in the Netherlands. 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. Everyone wants to make a real difference. In 2021, we continued to support our people and assist in the fight against COVID-19. On October 25, 2021, Zo succeeded Wael Sawan as Upstream Director and was appointed to the Executive Committee. 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 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. Six years and two months (appointed January 2016). Internal investigations confirmed 181 substantiated breaches of the Code of Conduct in 2021. Huibert was previously Executive Vice President Global Commercial. 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. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Neither she nor Ms Slattery has experience as CEO of a listed oil and gas producer, with the same for Ms ONeill. 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. 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. 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 remaining 67.5% is linked to the comparative performance condition mentioned above. As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. 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. Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. 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. She started her career as a civil engineer before moving into finance roles when she joined Shell in 1999. For me, it's really about making sure that I have the time, or create the time, to spend the time that you need to look after your own health, to look after the family, and to make sure your key relationships are good. When expanded it provides a list of search options that will switch the search inputs to match the current selection. She was previously executive vice president of oil sands, based in Calgary. 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. 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. Follow the topics, people and companies that matter to you. The forum now has 14 chapters globally. Shell was rated as a top employer inthe Workplace Pride Global Benchmark 2021 survey, with a score of 92.4%. Plenty of credible candidates exist to replace him, but one looks the most obvious. The opinions expressed are his own.). 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. He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. For 2019 and 2020, 22.5% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. (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 . We are working to address racial inequity. 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. 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. We will also become a stronger organisation, with a richness ofexperience and views to guide us. But an ongoing energy crisis means oil prices could hover around $100 a barrel for a while, which legitimises hanging around in fossil fuels. We are creating an environment where people with disabilities can excel. 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. Allegations may be raised confidentially and anonymously through several channels, including a Shell Global Helpline operated by an independent provider. Will His AI Plans Be Any Different? 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. How much flexibility the new CEO will have to potentially refresh Woodsides investment strategy has been a key point of debate among investors as the oil and gas major targets a go-ahead for Scarborough in the December half. Fri, 15 October 2021 1:02AM. 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 track local national coverage. 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. 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. 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. Zoe's career began in Australia with front line work in a number of mining roles. 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. 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. 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. Zo has lived in nine countries across five continents and sits on several not-for-profit Boards. We do not tolerate the direct or indirect offer, payment, solicitation oracceptance of bribes in any form. The remaining 33.75% was linked to the comparative performance condition. Two of our LGBT+ colleagues were featured in the OUTstanding 2021 LGBT+ Future Leaders List. Its very consistent in the equity market that no one is excited about Meg, the source said. 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Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. 2021- heden1 jaar 5 maanden. 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 have sought at all times to conduct the job reductions process in accordance with our core values of honesty, integrity and respect for people. 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. Watch and listen to a variety of WA true crime series, video channels and podcasts with commentary on news, politics and current affairs. 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. 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. Some expect an announcement on the selection as early as the AGM, although it is uncertain whether that plan has been thrown out as a result of Mr Gallaghers withdrawal. The remaining 60% is linked to the comparative performance condition. Two years and eight months (appointed July 2019). That's what I try to focus on at this point in my career. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. This article was published more than 6 years ago. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. Our core values are undermined if decisions are taken which fall short of the expected standards of ethical behaviour and compliance. They say that favours Ms Yujnovich securing the role rather than Ms ONeill, despite the latters excellent track record in development, both at Woodside and previously with ExxonMobil. 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. She then chaired Shell Australia for 2 years from early 2017. These options are normally exercisable after completion of a three-year orfive-year contractual savings period. The Enablement and disability inclusion focus area is sponsored by Harry Brekelmans, Projects & Technology Director and Huibert Vigeveno, Downstream Director. Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. 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. But in essence, there is a really strong commonality. None of the awards result in beneficial ownership until the shares vest. 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 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. There were a total of 87,000 employees atDecember 31, 2020, and December 31, 2019. Dutchman Huibert Vigeveno heads Shells refining operations, which have been making money hand over fist amid record refining margins. In his new role, Wael Sawan will oversee Shell's continued expansion into low-carbon and renewable energies as well as the power markets. In October, Zo Yujnovich was appointed Upstream Director, joining Jessica Uhl, the Chief Financial Officer as the second woman on the eight-person Executive Committee. 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. Externally, in the USA, wework closely with the civil rights organisation National Urban League. 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 . In certain circumstances, awards may be adjusted before delivery or subject to clawback after delivery. In 2021, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. Options havebeen granted over the Companys shares at market value on the invitation date. 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. Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. 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. Zo Yujnovich was appointed Shells Upstream Director and joined the Executive Committee in October 2021. 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 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. 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. 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. This included acting as Executive . 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. We benchmark ourselves externally, with consistent top-tier results. In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. Eligible employees in participating countries may participate in the GlobalEmployee Share Purchase Plan. He used to head oil production. 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 People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. Copyright 2023 Surperformance. 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 A Yujnovich is Exec VP/Dir:Upstream at Shell PLC. Two years and two months (appointed January 2020). 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. As of December 31, 2021, there are no outstanding UK Sharesave or BG Sharesave options. In certain circumstances, awards may beadjusted before delivery or subject to clawback after delivery. The Senior Management of the Company comprises the Executive Directors, Ben van Beurden and Jessica Uhl, and those listed below. The proportion of voluntary resignations in Shell was 4.4% in 2021 compared with 2.6% in 2020. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Eight years and one month (appointed February 2014). Opinions expressed are those of the author. Harry was previously Executive Vice President Upstream International Operated, based in the Netherlands. She has more than 25 years experience in various aspects of industry, from frontline operations to project execution and strategic leadership. We also provided resources for our employees under the Care-for-Self programme. Most recently she was Executive Vice President for Shells Conventional Oil & Gas business with operations in 19 countries. Shell is Woodside's biggest partner in the Browse project and both Woodside and Shell are facing pressure from the Morrison government to proceed. 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. This interview has been edited and condensed. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". We felt really at home here in Calgary, of course we miss Montreal, but Canada is a wonderful country to live in. 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. Our approach reinforces respect for people and provides psychological safety for our LGBT+ employees in line with our core values. Wehaveachieved this target. Management regularly engages with our employees, including internally elected employee representatives, through a range of formal and informal channels. The four internal candidates for the top job all have their merits. We co-sponsored the UK 2021 Race at Work survey conducted bythemembership organisation Business in the Community. 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. We have also pledged support for the UN Standards of Conduct for Business that aim to eliminate discrimination against lesbian, gay, bisexual, transgender and intersex (LGBTI) people. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . Facilitation payments are also prohibited. The increase was caused by the rise in the availability of virtual courses as we rapidly digitalised, enabling people toattend virtually. She holds an engineering degree from the University of Western Australia and an Executive MBA from the University of Utah. 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. 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. Ms Yujnovich told The West Australian's Leadership Matters breakfast event yesterday the ability to do that was the result of the culture of her business, saying that if the . From 2021, 20% of the award is linked to the FCF measure and 20% is linked to an energy transition measure. We have around 3,000 people that are leaving on SVS.
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