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. 52, has been on Shell's executive committee since January 2016 as its head of integrated gas . 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 . 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. Options havebeen granted over the Companys shares at market value on the invitation date. 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. 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. Looking back now, I certainly didn't have that in university. We investigate all good-faith allegations of breaches of the Code ofConduct, however they are raised. Zoe Yujnovich, who heads oil exploration, and Sinead Gorman, who recently joined as chief financial officer, are both well thought of. Huibert was previously Executive Vice President Global Commercial. Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. 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. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. We are part ofBlack Representation in Marketing (BRiM), a UK initiative to improve the representation of black people in marketing. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. 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 industry leader for online information for tax, accounting and finance professionals. She joined Rio Tinto in 1996, after obtaining an engineering degree from the University of Western Australia, where she held roles including company president in Brazil and chief executive of the Iron Ore Company of Canada. We have a number of share plans designed to align employees interests with our performance through share ownership. 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 are launching mandatory anti-racism training for all US staff. Dutchman Huibert Vigeveno heads Shells refining operations, which have been making money hand over fist amid record refining margins. Royal Dutch Shell plc ("Shell") today announces the appointments of Wael Sawan as Integrated Gas and Renewable and Energy Solutions (R&ES) Director and Zo Yujnovich as Upstream Director. 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. We have constantly sought to show care for anyone losing theirrole. I am an extrovert-turned-introvert. Shell shares were trading at 26.8 euros. Eligible employees in participating countries may participate in the GlobalEmployee Share Purchase Plan. Sawan took office on Jan. 1 . We believe that by achieving this ambition, we will contribute to a better and more equal world. 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. 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 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. 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). Ms Yujnovich will take up a key role in shaping Shells future in conventional oil and gas across 18 countries, excluding Australia, from January. She has more than 25 years' experience in various aspects of industry, from frontline operations to project execution and strategic leadership. The Business Integrity Department isaspecialist investigative unit within Shell Internal Audit that is responsible for managing the Shell Global Helpline and the Group level incident management procedures. 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We are creating an environment where people with disabilities can excel. I know what I know, I know what I don't know, and I don't know what I don't know. Donny was previously General Counsel for Projects & Technology, based in the Netherlands. 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. 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That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. The Shell Ethics and Compliance Office regularly reviews and revises all ethics and compliance programmes to ensure they remain up to date with applicable laws, regulations and best practices. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . 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. 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. He used to head oil production. None of the awards result in beneficial ownership until the shares vest. These awards vest at the end of a one-year period. There are many differences across cultures, some a bit obvious like the food we eat and the things we do. We pay particular attention to our due diligence procedures when dealing with third parties. But in essence, there is a really strong commonality. She then chaired Shell Australia for 2 years from early 2017. 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. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. 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. Ed was previously Executive Vice President Strategy, Portfolio & Sustainability. Our workplace accessibility (WPA) service currently serves 86 locations globally. 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. Six years and two months (appointed January 2016). Our approach starts with living up to our core values of honesty, integrity and respect for people. Our kids grew up in Montreal and so have a very strong language in French. 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. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. View whole Malaysia gas station latest petrol prices, address, openning hours, videos, photos, reviews, location, news on WapCar. These numbers exclude those in companies with their own HR systems. Violation of the Code of Conduct or its policies can result in disciplinary action, up to and including contract termination or dismissal. 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. Note 27 to the Consolidated Financial Statements provides the average number of employees by business segment. In an industry where women have been traditionally underrepresented, three of our five largest energy-trading divisions are led by women. Copyright 2023 Surperformance. He joined Shell in 1997 and worked in a variety of roles in each ofShells core business units: Upstream, Integrated Gas and Downstream. 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. That's what I try to focus on at this point in my career. Internal investigations confirmed 181 substantiated breaches of the Code of Conduct in 2021. Harry was previously Executive Vice President Upstream International Operated, based in the Netherlands. 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. 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. 2021- heden1 jaar 5 maanden. 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. 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 tips on setting up and maintaining good ergonomics, working with others virtually and maintaining productivity. As a woman in a male-dominated sector, I've had a very positive experience. 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. As told to Karl Moore and Aya Schechner. He also pulled off the $70 billion purchase of BG Group in 2016, which made it a leading force in liquefied natural gas (LNG). 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. Her role in Australia will be filled by Tony Nunan, who currently heads up the oil and gas giant's operations in eastern Australia. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Itprovides insights into employees views and has had a consistently highresponse rate. As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. Our Standards: The Thomson Reuters Trust Principles. . In his new role, Wael Sawan will oversee Shell's continued expansion into low-carbon and renewable energies as well as the power markets. The stuff I know I don't know, I can actually get help and support on. 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. There were a total of 87,000 employees atDecember 31, 2020, and December 31, 2019. This total consisted of employees at Shell and employees at certainUpstream, Downstream and Renewables and Energy Solutions companies that operate more autonomously than other Shell subsidiaries and maintain their own HR systems. 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. Subscribers with digital access can view this article. Under the Performance Share Plan (PSP), 50% of the award is linked to certain indicators described in Performance indicators, averaged over the performance period. All Rights Reserved. On October 25, 2021, Zo succeeded Wael Sawan as Upstream Director and was appointed to the Executive Committee. But the things I don't know about are blind spots that have the potential to really create concern. 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. 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. Strong engagement helps us to accelerate our peoples development, enhance our leadership capabilities and improve employee performance. We promote equal opportunity and create an environment where people feel included, regardless of sexual orientation or gender identity. The remaining 60% is linked to the comparative performance condition. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, More Iranian Schoolgirls Sickened in Suspected Poisoning Wave, No Major Offer Expected on Childcare in UK Budget, Oil Investors Get $128 Billion Handout as Doubts Grow About Fossil Fuels, Climate Change Is Launching a MutantSeed Space Race, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial? 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. In 2021, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. One of the things that strikes me is just the generosity and the care in Canadian people. By contrast, Canadian Wael Sawan looks ideal. Zoe Yujnovich. 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. 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. 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. He joined Shell in 1988 based in Australia and then moved to Hong Kong and later to London. We monitor and report internally on adherence to select ethics and compliance requirements, such as mandatory training completion andduediligence screening. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. It's somewhat subtle, but I think mentors tend to be more active in terms of perhaps guiding me on specific things. 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. Zoe Yujnovich at Shell Canada, Calgary.Stephanie Leblond. 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. Our Real Estate teams developed guidance on returning to site safely for all of our locations. See Note 22 to the Consolidated Financial Statements. This isadecrease of three points compared with 2020 but still reflects the resilience of our people in a year of change. 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). Shell is active in external organisations and activities thatadvance LGBT+ inclusion. 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. Will His AI Plans Be Any Different? Wael was previously the Upstream Director and amember of the Executive Committee. We track local national coverage. But he now runs Shells Integrated Gas and Renewables arm which includes LNG and green activities like solar and wind. Follow the topics, people and companies that matter to you. The remaining 67.5% is linked to the comparative performance condition mentioned above. At December 31, 2021, there were a total of 82,000 employees at Shell. Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. Zo has lived in nine countries across five continents and sits on several not-for-profit Boards. Both appointments are effective Oct. 25, 2021. LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. She holds an engineering degree from the University of Western Australia and an Executive MBA from the University of Utah. 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. People all over the world want to come to work, be recognized for doing a great job, and contribute to something that energizes them. Externally, in the USA, wework closely with the civil rights organisation National Urban League. Our people are essential to the successful delivery of Shells strategy and to sustaining business performance over the long term. We combined the home-working ergonomics programme with WPA to help all employees including thosewith disabilities to work from home effectively during the COVID-19 pandemic. Everyone wants to make a real difference. First launched intheUK in 2005, we now have 14 enABLE networks globally. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. They were sitting at the boardroom table or around the leadership table, as roles were being considered and my name was being put forward as a possible candidate. Our ethnic minority employees identified as Asian (13.1%), black (3.4%), mixed (2.4%) or another ethnic background (2.6%). 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. On January 1, 2020, Huibert succeeded John Abbott as Downstream Director and was appointed to the Executive Committee. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. Zoe Yujnovich, the current director of upstream, will head up a new directorate that combines the Integrated Gas and Upstream businesses. Copyright 2023 S&P Global. Shell has a global LGBT+ forum consisting of LGBT+ colleagues and allies. Chief Executive Ben van Beurden, who has been in situ since the start of 2014, is likely to step down from the $192 billion oil giant next year, Reuters has reported read more . formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). Facilitation payments are also prohibited. Follow the topics, people and companies that matter to you. This allowed us to continue to invest in people and capabilities, while maintaining our focus on safety. He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. 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. 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. 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. We are working to address racial inequity. The proportion of voluntary resignations in Shell was 4.4% in 2021 compared with 2.6% in 2020. 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. We benchmark ourselves externally, with consistent top-tier results. 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. Plenty of credible candidates exist to replace him, but one looks the most obvious. For further information on stakeholder engagement, see Governance. How much flexibility the new CEO will have to potentially refresh Woodsides investment strategy has been a key point of debate among investors as the oil and gas major targets a go-ahead for Scarborough in the December half. Now, I actually really value listening to others before I speak. 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. Our core values are undermined if decisions are taken which fall short of the expected standards of ethical behaviour and compliance. 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. Follow us on Twitter: @globe_careersOpens in a new window. These standards are set out in the Shell General Business Principles and our Code of Conduct. Two of our LGBT+ colleagues were featured in the OUTstanding 2021 LGBT+ Future Leaders List. We will also become a stronger organisation, with a richness ofexperience and views to guide us. Shares are awarded subject to a three-year retention period. Get notifications in MyBN when activity occurs. And I'm always expanding my knowledge to what I don't know I don't know. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. Subscribers with digital access can view this article. 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. 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. Shell is Woodside's biggest partner in the Browse project and both Woodside and Shell are facing pressure from the Morrison government to proceed. 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.