Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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 pay particular attention to our due diligence procedures when dealing with third parties. Our Standards: The Thomson Reuters Trust Principles. Ms Yujnovich said on Friday that Australia was central to Shells LNG business and for its plans to move into providing cleaner energy. 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. Externally, in the USA, wework closely with the civil rights organisation National Urban League. Plenty of credible candidates exist to replace him, but one looks the most obvious. Our approach starts with living up to our core values of honesty, integrity and respect for people. 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. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said.
Maurice B. Shaw on LinkedIn: Shell to combine its integrate gas Under the Restricted Share Plan, awards are made on a highly selective basis to senior staff. 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. LONDON, Sept 2 (Reuters Breakingviews) - Shell (SHEL.L) is about to get a new boss. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. At December 31, 2021, there were a total of 82,000 employees at Shell. Internal investigations confirmed 181 substantiated breaches of the Code of Conduct in 2021.
Economic Club of Canada - Zoe Yujnovich Legal counsel provides legal advice globally and supports the implementation of programmes. 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). 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 2017 no further grants weremade under this plan. 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 . Number of selected key business countries. She then chaired Shell Australia for 2 years from early 2017. Zoe's career began in Australia with front line work in a number of mining roles. In the Netherlands, we began implementing our first Ethnic Inclusion action plan and established an employee sounding board to support thisprocess. We want everyone to have a strong sense of belonging, irrespective of our differences.
Zoe Yujnovich, chairman, Shell Australia: 'I really believe in what we Shell Upstream Director Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. View whole Malaysia gas station latest petrol prices, address, openning hours, videos, photos, reviews, location, news on WapCar. The Enablement and disability inclusion focus area is sponsored by Harry Brekelmans, Projects & Technology Director and Huibert Vigeveno, Downstream Director. In 2021, 78.5% of our UK employees identified as white and 21.5% were from an ethnic minority background. We are part ofBlack Representation in Marketing (BRiM), a UK initiative to improve the representation of black people in marketing. Zo has lived in nine countries across five continents and sits on several not-for-profit Boards. Jessica Uhl was included in the OUTstanding 2021 Ally Executives Role Model List, which recognises business leaders who help create more inclusive workplaces. Our ethnic minority employees identified as Asian (13.1%), black (3.4%), mixed (2.4%) or another ethnic background (2.6%). The proportion of voluntary resignations in Shell was 4.4% in 2021 compared with 2.6% in 2020. 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. We are working to advance LGBT+ inclusion within Shell. For information on the share-based compensation plans for Executive Directors, see the Directors Remuneration Report. Both appointments are effective 25th October 2021.
Shell leadership shake-up sends Australian boss to The Hague We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. Most recently she was Executive Vice President for Shells Conventional Oil & Gas business with operations in 19 countries. 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.
Zo Yujnovich - ADIPEC 2022 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. 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. 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. 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. Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements.
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. This ensured that all employees whowere leaving Shell had access to an independent professional careercoach who could offer individualised support. By contrast, Canadian Wael Sawan looks ideal. In certain circumstances, awards may beadjusted before delivery or subject to clawback after delivery. Zoe Yujnovich elevated to Shell's senior ranks with new promotion.
He joined Shell in 1995 as a business analyst and led many Downstream businesses across Shell in Europe, Africa, North and South America as well as Asia. 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. Follow the topics, people and companies that matter to you. 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. 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. 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. 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. For 2019 and 2020, 22.5% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
We also provided resources for our employees under the Care-for-Self programme. 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. From 2021, 10% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . In 2021, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. 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.
I gain a lot of energy by keeping fit, and I enjoy competing in half and full marathons. 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. 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. Green energy, currently a trifling contributor to revenue, could be the key to supporting Shells long-term revenue growth. Australian Petroleum Production and Exploration Association, Executive Vice President & Country Chair of Shell Australia, Executive Vice President, Oil Sands Operations. 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.
Sinead Gorman | Shell Global It's somewhat subtle, but I think mentors tend to be more active in terms of perhaps guiding me on specific things.
Senior Management - Shell Annual Report and Accounts 2021 This award supports employee engagement in the Powering Progress strategy. We seek to ensure everyone atShell has equal opportunities and feels included. 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. Shell shares were trading at 26.8 euros. As a result of different notice periods in various markets, people are continuing to leave until the end of 2022. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. 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. 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). The Board has delegated the oversight of the functioning of the Shell Global Helpline to the Audit Committee. We offer a good practice anti-bribery and corruption e-learning course to third parties that may not have a training programme in place. Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. It's about finding out what gives you energy rather than what saps the energy from you. This allowed us to continue to invest in people and capabilities, while maintaining our focus on safety. The deal was seen as a precursor to Shell eventually competing in the consumer space against the likes of Origin Energy and AGL. 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. 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. Harry was previously Executive Vice President Upstream International Operated, based in the Netherlands. First launched intheUK in 2005, we now have 14 enABLE networks globally. 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. For 2020, 11.25% of the award was linked to the FCF measure and 5% was linked to an energy transition measure. 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.
Zo Yujnovich - Biography - MarketScreener.com In an industry where women have been traditionally underrepresented, three of our five largest energy-trading divisions are led by women. At the same time, her reported move last August to purchase an $8 million mansion in Perths Mosman Park with her husband Jason suggests she envisages a return to Australia at some stage. My passion has been around trying to make a difference in how we contribute to developing the world from the resources that we have. 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. 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.
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. This included offering funding to new joiners for home-use office equipment. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. 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.
Shell Names New Upstream Director after Wael Sawan Moves to Renewables I am an extrovert-turned-introvert. The increase was caused by the rise in the availability of virtual courses as we rapidly digitalised, enabling people toattend virtually. 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. LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. But an ongoing energy crisis means oil prices could hover around $100 a barrel for a while, which legitimises hanging around in fossil fuels. Zoe Yujnovich, the current director of upstream, will head up a new directorate that combines the Integrated Gas and Upstream businesses. We have a number of share plans designed to align employees interests with our performance through share ownership.
Zoe Yujnovich - Upstream Director - Shell | LinkedIn 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. The global . See here for a complete list of exchanges and delays.
Shell announces changes to Executive Committee | Shell Global We also provided tips on setting up and maintaining good ergonomics, working with others virtually and maintaining productivity. 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. Webelong to PurpleSpace, a networking and professional development hub for disabled employees, employee network leads and allies from allsectors and trades. As told to Karl Moore and Aya Schechner. Gemarkeerd als interessant door Zoe Yujnovich Neem nu deel om alle activiteiten te bekijken Ervaring Shell 8 jaar 5 maanden Upstream Director Shell okt. He joined Shell in 1988 and has held roles in Shells Upstream, Integrated Gas, and Downstream businesses and our Projects & Technology organisation. 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 33.75% was linked to the comparative performance condition. She has more than 25 years' experience in various aspects of industry, from frontline operations to project execution and strategic leadership. The remaining 30% is linked to the comparative performance condition. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. Options havebeen granted over the Companys shares at market value on the invitation date. We provide support and make adjustments for people with disabilities during the recruitment process and throughout their careers with Shell. If you work on the basis Kevin was offered it, it must mean the board is willing to entertain a change of strategy, said one investor source, noting Ms ONeill may be favoured if the strategy is to remain unchanged and Woodside proceeds with its $16 billion Scarborough gas project in Western Australia as envisaged by Mr Coleman. Opinions expressed are those of the author. 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. Prior to joining Shell in 2014, Ms Yujnovich held frontline and management roles in mining across three continents. 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). Both appointments are effective Oct. 25. We help to increase the appeal of working for Shell through flexible working options, supportive policies such as a global minimum maternity leave of 16 weeks, regular engagements between management and employees, and career development tools such as individual development plans, coaching andformal training. 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. And I'm always expanding my knowledge to what I don't know I don't know. For further information on stakeholder engagement, see Governance. 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. 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. We believe that by achieving this ambition, we will contribute to a better and more equal world. 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. 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. Will His AI Plans Be Any Different? All rights reserved. In some cases, we may report a violation to the relevant authorities, which couldlead to legal action, fines or imprisonment. I use it as a meditation time. 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. All Rights Reserved. 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. On October 25, 2021, Zo succeeded Wael Sawan as Upstream Director and was appointed to the Executive Committee. In certain circumstances, awards may be adjusted before delivery or subject to clawback after delivery. 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. 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. 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. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. These will help us to continue toembed inclusive behaviours in our culture. This was a one-off share award granted to all eligible employees of Shell on June 18, 2021. Copyright 2023 S&P Global. As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. 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. 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. 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. 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. Our response to the pandemic remains to reiterate and emphasise that adherence to Shells compliance rules (including the Code of Conduct) remains essential to protecting our business and helping ustomake the right decisions for the future. 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. This article was published more than 6 years ago. Violation of the Code of Conduct or its policies can result in disciplinary action, up to and including contract termination or dismissal. Shell is Woodside's biggest partner in the Browse project and both Woodside and Shell are facing pressure from the Morrison government to proceed. 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. 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. 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 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. In 2008, he was appointed Head of Legal at Shell Singapore, having served as Associate General Counsel for Gas & Power in Asia-Pacific. The industry leader for online information for tax, accounting and finance professionals. That's what I try to focus on at this point in my career. Wael was previously the Upstream Director and amember of the Executive Committee. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. 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. Dutchman Huibert Vigeveno heads Shells refining operations, which have been making money hand over fist amid record refining margins.
Veteran Shell director departs amid shake-up by new chief executive The Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. 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 was rated as a top employer inthe Workplace Pride Global Benchmark 2021 survey, with a score of 92.4%. As of December 31, 2021, there are no outstanding UK Sharesave or BG Sharesave options. We are focusing on the USA, UK and Netherlands because these are theShell hubs where we see the most significant opportunities for representation and inclusion of minority staff. 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. Itprovides insights into employees views and has had a consistently highresponse rate. Sponsorship played a very important for my career. 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.