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. Shell shares were trading at 26.8 euros. 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. Comments. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Looking back now, I certainly didn't have that in university. These awards vest at the end of a one-year period. Our kids grew up in Montreal and so have a very strong language in French. Legal counsel provides legal advice globally and supports the implementation of programmes. We introduced a global minimum standard for outplacement. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. The LGBT+ focus area issponsored by Chief Financial Officer Jessica Uhl. 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. 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 Two years and eight months (appointed July 2019). The four internal candidates for the top job all have their merits. See here for a complete list of exchanges and delays. Will His AI Plans Be Any Different? 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 By contrast, Canadian Wael Sawan looks ideal. We are part ofBlack Representation in Marketing (BRiM), a UK initiative to improve the representation of black people in marketing. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. Employees who are about to leave typically have a lower response rate than those who plan to stay with a company. Sean Smith The West Australian. Get notifications in MyBN when activity occurs. Search zoe yujnovich shell salary and check where the nearest petrol station is. Hosted by Bloomberg's Sonali Basak, "Next Big Risk" asks three titans of the financial industry what they see coming in the next 5 to 10 years. 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. Wael was previously the Upstream Director and amember of the Executive Committee. 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. Copyright 2023 Surperformance. 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. 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. 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). Mr Nunan joined QGC as legal counsel in 2008, was managing director after a takeover by BG Group and then returned to run the business when it passed into Shell hands in 2016. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. Violation of the Code of Conduct or its policies can result in disciplinary action, up to and including contract termination or dismissal. First launched intheUK in 2005, we now have 14 enABLE networks globally. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. We track local national coverage. 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 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. 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. He used to head oil production. In 2021 Board members had virtual staff engagements and visited some sites such as Qatar, Shell Pernis, and Pennsylvanian Chemicals park to have direct engagement with staff. Zoe Yujnovich elevated to Shell's senior ranks with new promotion. 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. In certain circumstances, awards may beadjusted before delivery or subject to clawback after delivery. 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. Huibert was previously Executive Vice President Global Commercial. In August, we launched our new organisational structure as part of the Reshape initiative. 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. 6:30PM October 4, 2019. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. 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. One of the things that strikes me is just the generosity and the care in Canadian people. 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 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. The industry leader for online information for tax, accounting and finance professionals. 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. 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. Both appointments are effective 25th October 2021. 52, has been on Shell's executive committee since January 2016 as its head of integrated gas . Our ethnic minority employees identified as Asian (13.1%), black (3.4%), mixed (2.4%) or another ethnic background (2.6%). We also seek to provide what they need if they areworking remotely. 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. 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. The remaining 30% is linked to the comparative performance condition. As of December 31, 2021, there are no outstanding UK Sharesave or BG Sharesave options. All are members of the Executive Committee (see Governance Framework). 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. 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. This ensured that all employees whowere leaving Shell had access to an independent professional careercoach who could offer individualised support. As a result of different notice periods in various markets, people are continuing to leave until the end of 2022. 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. Shell also acquired business electricity retailer ERM Power in a $617 million deal in August that provided evidence it was serious about launching into the broader energy retailing market in the eastern states . 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. 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. Zoe Yujnovich at Shell Canada, Calgary.Stephanie Leblond. In the UK, Shell was one of the first signatories to the Race at Work Charter of the Business in The Community organisation. We have around 3,000 people that are leaving on SVS. With over twenty years of global experience in the mining industry, Zoe joined Shell in 2014 as Vice President Oil Sands Joint Venture. This article was published more than 6 years ago. Eligible employees in participating countries may participate in the GlobalEmployee Share Purchase Plan. 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. 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. Fri, 15 October 2021 1:02AM. And I'm always expanding my knowledge to what I don't know I don't know. We have constantly sought to show care for anyone losing theirrole. Externally, in the USA, wework closely with the civil rights organisation National Urban League. The proportion of voluntary resignations in Shell was 4.4% in 2021 compared with 2.6% in 2020. Get the news you want delivered straight to your inbox so you never miss a headline. We will also become a stronger organisation, with a richness ofexperience and views to guide us. Get exclusive discounts on movie tickets, dining and popular attractions. In 2012 he became Executive Chair of Shell in China, and in 2016 led the integration of BG Group. The table below shows actual employee numbers by geographical area. 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. In certain circumstances, awards may be adjusted before delivery or subject to clawback after delivery. 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. Two other senior executives, chief financial officer Sherry Duhe and sustainability and technology head Shaun Gregory, are thought not to have made the final line-up. 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. At December 31, 2021, there were a total of 82,000 employees at Shell. Facilitation payments are also prohibited. None of the awards result in beneficial ownership until the shares vest. Wehaveachieved this target. The 19% of our workforce who have not provided data or have chosen not to declare their ethnicity were not included in our calculations. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Now, I actually really value listening to others before I speak. Harry was previously Executive Vice President Upstream International Operated, based in the Netherlands. 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. We are working to advance LGBT+ inclusion within Shell. We co-sponsored the UK 2021 Race at Work survey conducted bythemembership organisation Business in the Community. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Strong engagement helps us to accelerate our peoples development, enhance our leadership capabilities and improve employee performance. Two years and two months (appointed January 2020). We pay particular attention to our due diligence procedures when dealing with third parties. 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 also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. 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. Zoe Yujnovich Shell executive vice president for conventional oil and gas since 2019, The Hague The Netherlands Yujnovich joined Shell in 2014 from Rio Tinto to manage the Dutch company's oil sands operation in Canada. Zo Yujnovich. The forum now has 14 chapters globally. Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. 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. 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. Shell is active in external organisations and activities thatadvance LGBT+ inclusion. Our core values are undermined if decisions are taken which fall short of the expected standards of ethical behaviour and compliance. We have a number of share plans designed to align employees interests with our performance through share ownership. 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. Industry sources argue that that the size of that bonus suggests that Mr Gallagher must effectively have been offered the Woodside role, confirming a view in the market that the board favours an external candidate to take the countrys biggest oil and gas producer into its next phase of development. The support has included providing access to vaccines. The shake-up will see Shell Australia chairman Zoe Yujnovich move to company headquarters at The Hague. Sawan took office on Jan. 1 . Prior to joining Shell, she served in a number of management roles for Rio Tinto. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. 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. From 2011 to 2013, he was Country Chair Russia and Executive Vice President for Russia and the Caspian region. 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. But an ongoing energy crisis means oil prices could hover around $100 a barrel for a while, which legitimises hanging around in fossil fuels. 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). 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. We offer a good practice anti-bribery and corruption e-learning course to third parties that may not have a training programme in place. She was previously executive vice president of oil sands, based in Calgary. 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. Jessica Uhl was included in the OUTstanding 2021 Ally Executives Role Model List, which recognises business leaders who help create more inclusive workplaces. 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. 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. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. From 2021, 20% of the award is linked to the FCF measure and 20% is linked to an energy transition measure. 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. 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 has lived in nine countries across five continents and sits on several not-for-profit Boards. 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. In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. See here for a complete list of exchanges and delays. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. Six years and two months (appointed January 2016). View whole Malaysia gas station latest petrol prices, address, openning hours, videos, photos, reviews, location, news on WapCar. 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. 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. She started her career as a civil engineer before moving into finance roles when she joined Shell in 1999. Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. For further information on stakeholder engagement, see Governance. Follow the topics, people and companies that matter to you. . In 2021, learners embraced the virtual courses. 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. Fri, 10/15/2021 - 09:35 AM. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Leading the pack is former Shell Australia chairwoman Zoe Yujnovich, now a heavy hitter at the energy giant's global headquarters in The Hague where she heads the worldwide conventional oil and . The stuff I know I don't know, I can actually get help and support on. The Shell Ethics and Compliance Office helps the businesses and functions to implement the ABC/AML and other programmes, assess risks and monitors and reports on progress. The increase was caused by the rise in the availability of virtual courses as we rapidly digitalised, enabling people toattend virtually. As told to Karl Moore and Aya Schechner. 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 included acting as Executive . 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. 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. She then chaired Shell Australia for 2 years from early 2017. 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. 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. 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. For 2019 and 2020, 22.5% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. (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 . 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. Musk Made a Mess at Twitter. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). We benchmark ourselves externally, with consistent top-tier results. 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. We are working to address racial inequity. Huibert was previously Executive Vice President Global Commercial. Zoe Yujnovich. 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.
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