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Its very consistent in the equity market that no one is excited about Meg, the source said. Zoe Yujnovich - Business News And I'm always expanding my knowledge to what I don't know I don't know. These will help us to continue toembed inclusive behaviours in our culture. Zo Yujnovich. The table below shows actual employee numbers by geographical area. The stuff I know I don't know, I can actually get help and support on. 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. As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. 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. Copyright 2023 Surperformance. None of the three key executives being talked about by investors, analysts and industry sources has been confirmed by either Woodside or in person. She was previously executive vice president of oil sands, based in Calgary. Shell Upstream Director Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. 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. 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. Separately, following the acquisition of BG, certain participants in the BGSharesave Scheme chose to roll over their outstanding BG share options into options over the Companys shares. 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 She holds an engineering degree from the University of Western Australia and an Executive MBA from the University of Utah. In 2009, Huibert was appointed Vice President Supply & Distribution, Europe and Africa. The shake-up will see Shell Australia chairman Zoe Yujnovich move to company headquarters at The Hague. The support has included providing access to vaccines. He joined Shell in 1988 based in Australia and then moved to Hong Kong and later to London. Most recently she was Executive Vice President for Shells Conventional Oil & Gas business with operations in 19 countries. Ronan previously served as EVP HR for both the Downstream and Upstream International businesses in turn. We seek to ensure everyone atShell has equal opportunities and feels included. He used to head oil production. Our kids grew up in Montreal and so have a very strong language in French. Zo has held various management positions in Downstream, Integrated Gas and Upstream. We believe that by achieving this ambition, we will contribute to a better and more equal world. 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. For 2019 and 2020, 22.5% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. Zoe Yujnovich elevated to Shell's senior ranks with new promotion. 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. All metrics except the employees metric exclude the employees in certain Upstream, Renewables and Energy Solutions and Downstream companies that maintain their own HR systems. 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. Climate change and energy transition. 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. 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. Donny was previously General Counsel for Projects & Technology, based in the Netherlands. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. 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. 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). They are communicated to Shell employees and contract staff and, where necessary and appropriate, to agents and business partners. Huibert Vigeveno, the current downstream director, will . Sinead Gorman | Shell Global Work-life balance is a bit tricky because it indicates that, at any moment, things are in perfect harmony. Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. Economic Club of Canada - Zoe Yujnovich We track local national coverage. Zoe A Yujnovich is Exec VP/Dir:Upstream at Shell PLC. Zo Yujnovich - ADIPEC 2022 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. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. 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. 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. I know what I know, I know what I don't know, and I don't know what I don't know. 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. In 2021, we continued to support our people and assist in the fight against COVID-19. This button displays the currently selected search type. 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. It's somewhat subtle, but I think mentors tend to be more active in terms of perhaps guiding me on specific things. 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. 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. Copyright 2023 S&P Global. 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. Shell CEO's first changes combine upstream and LNG operations Our approach reinforces respect for people and provides psychological safety for our LGBT+ employees in line with our core values. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Shells business in Australia has constantly evolved over the past 118 years, and Ill pass on the baton to Tony inspired by the direction were heading to meet the changing needs of society.. Shell in the UK was one of the first FTSE 100 companies to voluntarilypublish ethnicity pay gap data in November 2020. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). This included offering funding to new joiners for home-use office equipment. The LGBT+ focus area issponsored by Chief Financial Officer Jessica Uhl. This documentary-style series follows investigative journalists as they uncover the truth. From 2011 to 2013, he was Country Chair Russia and Executive Vice President for Russia and the Caspian region. He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. Prior to joining Shell, she served in a number of management roles for Rio Tinto. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 2021- heden1 jaar 5 maanden. Zo has lived in nine countries across five continents and sits on several not-for-profit Boards. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". All are members of the Executive Committee (see Governance Framework). 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 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. zoe yujnovich shell salary - Nearest Petrol Station Prices, Address Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. None of the awards result in beneficial ownership until the shares vest. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. Allegations may be raised confidentially and anonymously through several channels, including a Shell Global Helpline operated by an independent provider. She has led Shell Australia for the past. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. 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. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. Zoe Yujnovich, chairman, Shell Australia: 'I really believe in what we Venture capitalists swap Paris Hilton for Al Gore, US blacklisting is no match for TikTok virality, Theres hope beyond moaning for European telcos, Adani contrarian is a win for Hindenburg, too, Exclusive news, data and analytics for financial market professionals. A Dutch court has ordered it to slash its 1.6 billion tonnes of annual emissions by 2030, which requires offloading its most polluting operations. We also provided tips on setting up and maintaining good ergonomics, working with others virtually and maintaining productivity. We investigate all good-faith allegations of breaches of the Code ofConduct, however they are raised. Our ambition is to become one of the most diverse and inclusive organisations in the world, a place where everyone including employees, customers, partners and suppliers feels valued and respected and has a strong sense of belonging. He joined Shell in 1997 and worked in a variety of roles in each ofShells core business units: Upstream, Integrated Gas and Downstream. In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. For further information on stakeholder engagement, see Governance. One of the things that strikes me is just the generosity and the care in Canadian people. Shell leadership shake-up sends Australian boss to The Hague Facilitation payments are also prohibited. 6:30PM October 4, 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. This isadecrease of three points compared with 2020 but still reflects the resilience of our people in a year of change. We have constantly sought to show care for anyone losing theirrole. Our approach starts with living up to our core values of honesty, integrity and respect for people. 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. 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. 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. In the UK, Shell was one of the first signatories to the Race at Work Charter of the Business in The Community organisation. See here for a complete list of exchanges and delays. We have around 3,000 people that are leaving on SVS. Zo Yujnovich The remaining 67.5% is linked to the comparative performance condition mentioned above. These numbers exclude those in companies with their own HR systems. I gain a lot of energy by keeping fit, and I enjoy competing in half and full marathons. Get exclusive discounts on movie tickets, dining and popular attractions. 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. That's what I try to focus on at this point in my career. There were a total of 87,000 employees atDecember 31, 2020, and December 31, 2019. 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. She started her career as a civil engineer before moving into finance roles when she joined Shell in 1999. 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 2021, 78.5% of our UK employees identified as white and 21.5% were from an ethnic minority background. Mr Gallagher dropped out of the race after signing on to a $6 million incentive announced by Santos on Monday that will tie him to his current role until the end of 2025. 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. 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. The forum now has 14 chapters globally. Jessica Uhl was included in the OUTstanding 2021 Ally Executives Role Model List, which recognises business leaders who help create more inclusive workplaces. First launched intheUK in 2005, we now have 14 enABLE networks globally. All rights reserved. Maurice B. Shaw on LinkedIn: Shell to combine its integrate gas The remaining 30% is linked to the comparative performance condition. This article was published more than 6 years ago. 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. 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. 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. This was a one-off share award granted to all eligible employees of Shell on June 18, 2021. 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. He previously served as Shells UK Country Chair. Internal investigations confirmed 181 substantiated breaches of the Code of Conduct in 2021. The opinions expressed are his own.). In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. Our people - Shell Annual Report and Accounts 2021 High-flyer quits Shell and opens up race to be next chief executive Shell Names New Upstream Director after Wael Sawan Moves to Renewables 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. The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. It's about finding out what gives you energy rather than what saps the energy from you. Zoe Yujnovich was appointed the Executive Vice President, Heavy Oil on January 1, 2016. The Senior Management of the Company comprises the Executive Directors, Ben van Beurden and Jessica Uhl, and those listed below. 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. 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. Shell says restructuring could bring job cuts - ETHRWorld Our Standards: The Thomson Reuters Trust Principles. 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. Zoe Yujnovich. 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. She has more than 25 years experience in various aspects of industry, from frontline operations to project execution and strategic leadership. 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. Subscribers with digital access can view this article. Shell appoints new heads of upstream and gas-renewables divisions 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. 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. Fri, 15 October 2021 1:02AM. Note 27 to the Consolidated Financial Statements provides the average number of employees by business segment. Female contenders vie for Woodside CEO role - Australian Financial Review As told to Karl Moore and Aya Schechner. See here for a complete list of exchanges and delays. Two of our LGBT+ colleagues were featured in the OUTstanding 2021 LGBT+ Future Leaders List. 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. Veteran Shell director departs amid shake-up by new chief executive 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 . 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. On October 25, 2021, Wael succeeded Maarten Wetselaar as Integrated Gas, Renewables and EnergySolutions Director. Follow the topics, people and companies that matter to you. The Board has delegated the oversight of the functioning of the Shell Global Helpline to the Audit Committee. We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. Zoe Yujnovich at Shell Canada, Calgary.Stephanie Leblond. These standards are set out in the Shell General Business Principles and our Code of Conduct. 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. 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. 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. Shell boss Zoe Yujnovich heads to The Hague - The Australian The employee engagement score is based on a well-researched and validated model that combines satisfaction, motivation, affiliation, loyaltyand dedication. We benchmark ourselves externally, with consistent top-tier results. 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. (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 . 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. This allowed us to continue to invest in people and capabilities, while maintaining our focus on safety. Huibert was previously Executive Vice President Global Commercial. Shell has a global LGBT+ forum consisting of LGBT+ colleagues and allies. But in essence, there is a really strong commonality. Subscribers with digital access can view this article. 52, has been on Shell's executive committee since January 2016 as its head of integrated gas . Our CEO Ben van Beurden is a Catalyst CEO Champion for Change. Follow us on Twitter: @globe_careersOpens in a new window. I am an extrovert-turned-introvert. In 2008, he was appointed Head of Legal at Shell Singapore, having served as Associate General Counsel for Gas & Power in Asia-Pacific. Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. 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. 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. Eight years and one month (appointed February 2014). Currently six out of 12 of our Board members are women. 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. I use it as a meditation time. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. The 19% of our workforce who have not provided data or have chosen not to declare their ethnicity were not included in our calculations. The industry leader for online information for tax, accounting and finance professionals. In 2021, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. This result gives Shell one ofthe leading employee engagement scores across a range of industries. Senior Management - Shell Annual Report and Accounts 2021 For every six shares purchased by the employee, one matching share is provided at no cost to the employee. As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. 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).