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. 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. 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. 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. See Zoe A Yujnovich's compensation, career history, education, & memberships. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . The opinions expressed are his own.). Jessica Uhl was included in the OUTstanding 2021 Ally Executives Role Model List, which recognises business leaders who help create more inclusive workplaces. 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. Fri, 15 October 2021 1:02AM. West Australian Zoe Yujnovich, widely seen as a contender for the now filled top job at Woodside Petroleum, has been promoted into Shells peak management body. Six years and two months (appointed January 2016). 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. The remaining 60% is linked to the comparative performance condition. 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. Both appointments are effective 25th October 2021. Will His AI Plans Be Any Different? 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. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. The forum now has 14 chapters globally. China Seeks Peaceful Reunification With Taiwan in Key Report, Norfolk Southern Train Derails in Ohio, Second Incident in Weeks, Bank of Canada Risks Falling Too Far Behind Fed, Scotia Says, Feds Daly Says More Rate Hikes Likely Needed to Cool Inflation, Colombia Prices Rise Less than Forecast to a Fresh 24-Year High, Mitsubishi Signs $1.9b Commuter Rail Deal With Manila: Nikkei, Shortage ofMetals for EVs Is Rising Up the Agenda in Automakers C-Suites, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, US Prepares New Rules on Investment in Tech Abroad, WSJ Says, The UK Is Using Drones to Prosecute Small-Boat Migrant Smugglers, Trump Vows to Finish Mission, Cements Dominance Over CPAC, Bolsonaro Says Mission Isnt Over as US Conservatives Fete Him, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Porsche, Ferrari E-Fuel Push at Heart of EU Engine Debate, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61. 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.. Ms Yujnovich, who upset the Morrison government before the May federal election by suggesting Australia should consider re-introducing a price on carbon, said Shells business continued to evolve with a focus on cleaner energy. Shell is one of more than 800 companies to have signed the Neptune Declaration, an international agreement sponsored by the Global Maritime Forum, promising to support seafarers during the COVID-19 pandemic. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Theoutstanding awards take the form of nil-cost options. 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). Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements. And I'm always expanding my knowledge to what I don't know I don't know. He joined Shell in 1988 and has held various HR positions across the Shell value chain, including regional roles in Europe and NE Asia/China, and global roles in HR Strategy & Regional Coordination, Retail and LPG. The 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). Zoe Yujnovich was appointed the Executive Vice President, Heavy Oil on January 1, 2016. The remaining 33.75% was linked to the comparative performance condition. In 2009, Huibert was appointed Vice President Supply & Distribution, Europe and Africa. 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. 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. 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. Get exclusive discounts on movie tickets, dining and popular attractions. This button displays the currently selected search type. We will also become a stronger organisation, with a richness ofexperience and views to guide us. Everyone wants to make a real difference. 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. He used to head oil production. Under the Restricted Share Plan, awards are made on a highly selective basis to senior staff. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. 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. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. First launched intheUK in 2005, we now have 14 enABLE networks globally. All Rights Reserved. Under the Performance Share Plan (PSP), 50% of the award is linked to certain indicators described in Performance indicators, averaged over the performance period. 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. Shell has a global LGBT+ forum consisting of LGBT+ colleagues and allies. 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. From 2017 no further grants weremade under this plan. 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. The four internal candidates for the top job all have their merits. The average employee engagement score was 75 points out of 100. The deal was seen as a precursor to Shell eventually competing in the consumer space against the likes of Origin Energy and AGL. We have constantly sought to show care for anyone losing theirrole. He joined Shell in 1988 and has held roles in Shells Upstream, Integrated Gas, and Downstream businesses and our Projects & Technology organisation. At December 31, 2021, there were a total of 82,000 employees at Shell. 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. 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. We believe that by achieving this ambition, we will contribute to a better and more equal world. The industry leader for online information for tax, accounting and finance professionals. Copyright 2023 S&P Global. Shell is Woodside's biggest partner in the Browse project and both Woodside and Shell are facing pressure from the Morrison government to proceed. Some information may no longer be current. 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. As a result of different notice periods in various markets, people are continuing to leave until the end of 2022. It's about finding out what gives you energy rather than what saps the energy from you. Climate change and energy transition. Neither she nor Ms Slattery has experience as CEO of a listed oil and gas producer, with the same for Ms ONeill. Now, I actually really value listening to others before I speak. The stuff I know I don't know, I can actually get help and support on. We monitor and report internally on adherence to select ethics and compliance requirements, such as mandatory training completion andduediligence screening. 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. 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. In 2008, he was appointed Head of Legal at Shell Singapore, having served as Associate General Counsel for Gas & Power in Asia-Pacific. 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 That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. From 2021, 20% of the award is linked to the FCF measure and 20% is linked to an energy transition measure. 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. 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. The table below shows actual employee numbers by geographical area. 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. The LGBT+ focus area issponsored by Chief Financial Officer Jessica Uhl. Plenty of credible candidates exist to replace him, but one looks the most obvious. For 2020, 11.25% of the award was linked to the FCF measure and 5% was linked to an energy transition measure. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. 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. In the UK, Shell was one of the first signatories to the Race at Work Charter of the Business in The Community organisation. Internal investigations confirmed 181 substantiated breaches of the Code of Conduct in 2021. Number of selected key business countries. These options are normally exercisable after completion of a three-year orfive-year contractual savings period. Zoe Yujnovich. In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. All rights reserved. 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. She was previously executive vice president of oil sands, based in Calgary. 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. Sawan took office on Jan. 1 . These standards are set out in the Shell General Business Principles and our Code of Conduct. 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. 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. Directors and Senior Management. 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. As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. Huibert was previously Executive Vice President Global Commercial. We are committed to ensuring allsuch incidents are investigated by specialists in accordance with our Investigation Principles. 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. 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. Green energy, currently a trifling contributor to revenue, could be the key to supporting Shells long-term revenue growth. In line with the UN Global Compact Principle 10 (businesses should workagainst corruption in all its forms, including extortion and bribery), we maintain a global anti-bribery and corruption/anti-money laundering (ABC/AML) programme designed to prevent, detect, remediate and learnfrom potential violations. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. We launched two mandatory training courses for all staff in 2021: Respect in the Workplace and Conscious Inclusion. Our CEO Ben van Beurden is a Catalyst CEO Champion for Change. 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. Fri, 10/15/2021 - 09:35 AM. People all over the world want to come to work, be recognized for doing a great job, and contribute to something that energizes them. 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. We are creating an environment where people with disabilities can excel. Employees who are about to leave typically have a lower response rate than those who plan to stay with a company. 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. Huibert Vigeveno, the current downstream director, will . 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 . BHPs head of petroleum Geraldine Slattery, an Ireland-raised physics graduate now based in Houston and with 25 years experience at the miners oil and gas division, is also said by some to be in the running, although others say not. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. He previously served as Shells UK Country Chair. We are part ofBlack Representation in Marketing (BRiM), a UK initiative to improve the representation of black people in marketing. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Eight years and one month (appointed February 2014). 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. Shell said Godson Njoku, currently executive vice-president of production support and excellence, would step into Mr Nunan's role as vice-president east (Australia). 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.

Charles Craig Obituary, Pantheistic Worldview About Human Nature, Purpose And Flourishing, Bacillus Licheniformis Colony Morphology, Articles Z