These options are normally exercisable after completion of a three-year contractual savings period. Shell Upstream Director Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. In the past Ms. Yujnovich held the position of Chairman for The Mining Association of Canada, Chairman at Australian Petroleum Production & Exploration Association, Chairman of Viva Energy. There were a total of 87,000 employees atDecember 31, 2020, and December 31, 2019. We pay particular attention to our due diligence procedures when dealing with third parties. Follow the topics, people and companies that matter to you. 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 has more than 25 years experience in various aspects of industry, from frontline operations to project execution and strategic leadership. 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. 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 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. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). We introduced a global minimum standard for outplacement. 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. 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. None of the three key executives being talked about by investors, analysts and industry sources has been confirmed by either Woodside or in person. We have around 3,000 people that are leaving on SVS. Prior to joining Shell, she served in a number of management roles for Rio Tinto. Prior to joining Shell in 2014, Ms Yujnovich held frontline and management roles in mining across three continents. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. We track local national coverage. Our approach starts with living up to our core values of honesty, integrity and respect for people. Copyright 2023 Surperformance. 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. This isadecrease of three points compared with 2020 but still reflects the resilience of our people in a year of change. Our Standards: The Thomson Reuters Trust Principles. We are part ofBlack Representation in Marketing (BRiM), a UK initiative to improve the representation of black people in marketing. Zoe Yujnovich, who heads oil exploration, and Sinead Gorman, who recently joined as chief financial officer, are both well thought of. 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. All shares that vest are increased by an amount equal to the notional dividends accrued on those shares during the period from theaward date to the vesting date. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. Employees who are about to leave typically have a lower response rate than those who plan to stay with a company. Sean Smith. She is married with three children. He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. Both appointments are effective Oct. 25. In an industry where women have been traditionally underrepresented, three of our five largest energy-trading divisions are led by women. The table below shows actual employee numbers by geographical area. Supported by functions such as Shell Health, HR, Real Estate andIT, WPA is designed to ensure that all employees have access to reasonable physical workplace or other adjustments so that they can workeffectively and productively. In 2012 he became Executive Chair of Shell in China, and in 2016 led the integration of BG Group. In 2021, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. Most of our work around LGBT+ inclusion happens at a country level in line with local policies, laws and regulations. Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. . 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 The employee engagement score is based on a well-researched and validated model that combines satisfaction, motivation, affiliation, loyaltyand dedication. These standards are set out in the Shell General Business Principles and our Code of Conduct. Comments. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. 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. We believe that by achieving this ambition, we will contribute to a better and more equal world. This allowed us to continue to invest in people and capabilities, while maintaining our focus on safety. Since Jan. 1 2014, when he took over, Shell shares have returned 67%, not as good as TotalEnergies(TTEF.PA) 85%, but appreciably better than domestic rival BP (BP.L) and U.S. peer Exxon Mobil (XOM.N). Zo Yujnovich will become the second woman on Shell's eight-strong executive committee. Zoe A Yujnovich is Exec VP/Dir:Upstream at Shell PLC. We monitor and report internally on adherence to select ethics and compliance requirements, such as mandatory training completion andduediligence screening. We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. In 2021, a total of 271,000 formal training days were provided for employees and joint-venture partners, compared with 234,000 in 2020and 373,000 in 2019. Allegations of breaches of the Code of Conduct may be raised confidentially and anonymously through several channels, including theShell Global Helpline, which is operated by an independent provider. She has led Shell Australia for the past. 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. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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.. All Rights Reserved. (The author is a Reuters Breakingviews columnist. We do not tolerate the direct or indirect offer, payment, solicitation oracceptance of bribes in any form. By making a commitment to our core values of honesty, integrity and respect for people, and by following the Code of Conduct, we protect Shells reputation. Our ethics and compliance requirements are articulated through ourpolicies, standards and procedures and supported by the Ethical Decision-Making Framework, a tool to help staff think through and discuss, in a structured way, the legal, ethical and external consequences of decisions. Sponsored by our CEO Ben van Beurden, Integrated Gas, Renewables and Energy Solutions Director Wael Sawan and Legal Director Donny Ching, the council aims toadvance diversity in our workforce so that it better reflects communities where we work and from which we draw talent. [A] Our CEO Ben van Beurden is a Catalyst CEO Champion for Change. During his tenure van Beurden oversaw Shell's biggest acquisition in decades, steered the company through two major downturns and a pivotal move to slash greenhouse emissions. 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. It's about finding out what gives you energy rather than what saps the energy from you. For every six shares purchased by the employee, one matching share is provided at no cost to the employee. 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 . 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. As of December 31, 2021, 8% of our Board members were from an ethnicminority. Search zoe yujnovich shell salary and check where the nearest petrol station is. These numbers exclude those in companies with their own HR systems. Huibert was previously Executive Vice President Global Commercial. As told to Karl Moore and Aya Schechner. 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. In 2021, 78.5% of our UK employees identified as white and 21.5% were from an ethnic minority background. The remaining 33.75% was linked to the comparative performance condition. We will also become a stronger organisation, with a richness ofexperience and views to guide us. Ms Yujnovich will take up a key role in shaping Shells future in conventional oil and gas across 18 countries, excluding Australia, from January. 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. 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. Shell is a member of The Valuable 500, a global business group whichseeks to eliminate the exclusion of disabled people and ensure thatdisability remains a priority for company leaders. 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. We investigate all good-faith allegations of breaches of the Code ofConduct, however they are raised. That's what I try to focus on at this point in my career. For further information on stakeholder engagement, see Governance. 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. The changes at the top in Australia come with Shell facing key decisions in regard to Arrow Energys Surat Basin project and its commitment to backing Woodside Petroleum in the $US20.5 billion Browse LNG project off the WA coast. 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. Strong engagement helps us to accelerate our peoples development, enhance our leadership capabilities and improve employee performance. 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. From 2011 to 2013, he was Country Chair Russia and Executive Vice President for Russia and the Caspian region. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. We benchmark ourselves externally, with consistent top-tier results. Our approach reinforces respect for people and provides psychological safety for our LGBT+ employees in line with our core values. As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. We offer a good practice anti-bribery and corruption e-learning course to third parties that may not have a training programme in place. 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. Now, I actually really value listening to others before I speak. This article was published more than 6 years ago. 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 . 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 problem for Andrew Mackenzie, the Shell chair tasked with identifying Van Beurdens successor, is that the British energy giant is pulled in opposite directions. That's really been what fuels my passion. Inthe UK, we partnered with PurpleSpace to launch a personal development programme called Empowered and enABLED to support employees with disabilities to build inner confidence, develop a sense of community and advocate for any adjustments or accommodations they require. Follow us on Twitter: @globe_careersOpens in a new window. Whether Woodsides new CEO will expand the Pluto LNG project is a point of debate among investors. They are communicated to Shell employees and contract staff and, where necessary and appropriate, to agents and business partners. Work-life balance is a bit tricky because it indicates that, at any moment, things are in perfect harmony. I know what I know, I know what I don't know, and I don't know what I don't know. By contrast, Canadian Wael Sawan looks ideal. 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. 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. The average employee engagement score was 75 points out of 100. Most recently she was Executive Vice President for Shells Conventional Oil & Gas business with operations in 19 countries. This interview has been edited and condensed. 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. In August, we launched our new organisational structure as part of the Reshape initiative. This shows in the increase in the number of completions and the corresponding rise in training person days(TPD) of 37,000 compared with 2020. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. It's somewhat subtle, but I think mentors tend to be more active in terms of perhaps guiding me on specific things. 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. In the UK, Shell was one of the first signatories to the Race at Work Charter of the Business in The Community organisation. I gain a lot of energy by keeping fit, and I enjoy competing in half and full marathons. Click on a photograph to read the full biography, Seven years and five months (appointed October 2014). 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 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. We have a number of share plans designed to align employees interests with our performance through share ownership. 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 was previously executive vice president of oil sands, based in Calgary. 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. Its very consistent in the equity market that no one is excited about Meg, the source said. This included acting as Executive . The forum now has 14 chapters globally. Subscribers with digital access can view this article. 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. 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. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . The opinions expressed are his own.). Ed was previously Executive Vice President Strategy, Portfolio & Sustainability. 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. Performing competitively in the evolving energy system requires competent and empowered people working safely togetheracross Shell. 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 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. 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. 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. Allegations may be raised confidentially and anonymously through several channels, including a Shell Global Helpline operated by an independent provider. 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. We want everyone to have a strong sense of belonging, irrespective of our differences. 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. The 19% of our workforce who have not provided data or have chosen not to declare their ethnicity were not included in our calculations. Options havebeen granted over the Companys shares at market value on the invitation date. She started her career as a civil engineer before moving into finance roles when she joined Shell in 1999. Fri, 15 October 2021 1:02AM. 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. Watch and listen to a variety of WA true crime series, video channels and podcasts with commentary on news, politics and current affairs. Note 27 to the Consolidated Financial Statements provides the average number of employees by business segment. Looking back now, I certainly didn't have that in university. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. Under the Restricted Share Plan, awards are made on a highly selective basis to senior staff. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. He joined Shell in 1997 and worked in a variety of roles in each ofShells core business units: Upstream, Integrated Gas and Downstream. Regular chances to win incredible prizes like luxury getaways and sports tickets with our subscriber exclusive competitions. The stuff I know I don't know, I can actually get help and support on. 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. 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 remaining 30% is linked to the comparative performance condition. LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. The rate is low across a range of industries. Wehaveachieved this target. Get the news you want delivered straight to your inbox so you never miss a headline. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. We are working to address racial inequity. As of December 31, 2021, there are no outstanding UK Sharesave or BG Sharesave options. 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 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. 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. Thisincludes equal access to valuable educational resources, training programmes, and emphasis on personal and professional development. But the things I don't know about are blind spots that have the potential to really create concern. 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. Shell in the UK was one of the first FTSE 100 companies to voluntarilypublish ethnicity pay gap data in November 2020. There are many differences across cultures, some a bit obvious like the food we eat and the things we do. He joined Shell in 1988 and has held roles in Shells Upstream, Integrated Gas, and Downstream businesses and our Projects & Technology organisation. The Senior Management of the Company comprises the Executive Directors, Ben van Beurden and Jessica Uhl, and those listed below. The four internal candidates for the top job all have their merits. The increase was caused by the rise in the availability of virtual courses as we rapidly digitalised, enabling people toattend virtually. The remaining 67.5% is linked to the comparative performance condition mentioned above. Theoutstanding awards take the form of nil-cost options. 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. 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. This result gives Shell one ofthe leading employee engagement scores across a range of industries. The Enablement and disability inclusion focus area is sponsored by Harry Brekelmans, Projects & Technology Director and Huibert Vigeveno, Downstream Director. 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.