Chief Financial Officer Tenure Appointed with effect from April 1, 2022 Age Born 1977 Nationality British Career Sinead was previously Executive Vice President, Finance, in Shell's global Upstream business. 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. Previously she was Country Chair for Shells businesses in Australia and New Zealand and Executive Vice President for Oil Sands in Canada. 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. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. I use it as a meditation time. We pay particular attention to our due diligence procedures when dealing with third parties. 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). Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Most of our work around LGBT+ inclusion happens at a country level in line with local policies, laws and regulations. From 2011 to 2013, he was Country Chair Russia and Executive Vice President for Russia and the Caspian region. 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. Zoe Yujnovich elevated to Shell's senior ranks with new promotion As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. The Board has delegated the oversight of the functioning of the Shell Global Helpline to the Audit Committee. These awards vest at the end of a one-year period. I gain a lot of energy by keeping fit, and I enjoy competing in half and full marathons. We aim to increase racial and ethnic representation across our workforce so that we better reflect the communities in which we work and live. This article was published more than 6 years ago. But he now runs Shells Integrated Gas and Renewables arm which includes LNG and green activities like solar and wind. 6:30PM October 4, 2019. For 2019 and 2020, 22.5% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. Zoe Yujnovich | Shell Global This new structure was created with the aim of reducing costs and making us a more competitive organisation that is agile and better able to respond to customers. In 2009, Huibert was appointed Vice President Supply & Distribution, Europe and Africa. 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. The programme is underpinned by our commitment to prohibit bribery, money laundering and tax evasion, andtoconduct business in line with our Shell General Business Principlesand Code of Conduct. Huibert Vigeveno | Shell Global Zoe's career began in Australia with front line work in a number of mining roles. He previously served as Shells UK Country Chair. Green energy, currently a trifling contributor to revenue, could be the key to supporting Shells long-term revenue growth. 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. 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. I like quiet time when I leave the office to be at home, be with my family, and reenergize in private. 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). 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. But the things I don't know about are blind spots that have the potential to really create concern. 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. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. The four internal candidates for the top job all have their merits. The stuff I know I don't know, I can actually get help and support on. None of the three key executives being talked about by investors, analysts and industry sources has been confirmed by either Woodside or in person. On October 25, 2021, Wael succeeded Maarten Wetselaar as Integrated Gas, Renewables and EnergySolutions Director. 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. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. Shell appoints new heads of upstream and gas-renewables divisions Follow the topics, people and companies that matter to you. Shell also indicated earlier this year that it wanted to make a final investment decision on the Surat Basin project but progress had been made more difficult by Queenslands decision to lift state royalties. My passion has been around trying to make a difference in how we contribute to developing the world from the resources that we have. We promote equal opportunity and create an environment where people feel included, regardless of sexual orientation or gender identity. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. Zoe Yujnovich appointed Shell Canada Executive Vice President, Heavy High-flyer quits Shell and opens up race to be next chief executive Help using this website - Accessibility statement, Shell also acquired business electricity retailer ERM Power in a $617 million deal, Shell is Woodside's biggest partner in the Browse project. LONDON, Sept 2 (Reuters Breakingviews) - Shell (SHEL.L) is about to get a new boss. One of the things that strikes me is just the generosity and the care in Canadian people. 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. Our ethnic minority employees identified as Asian (13.1%), black (3.4%), mixed (2.4%) or another ethnic background (2.6%). Plenty of credible candidates exist to replace him, but one looks the most obvious. As of December 31, 2021, there are no outstanding UK Sharesave or BG Sharesave options. 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. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. That said, I still look around at the industry as a whole and feel that there is still under-representation of women in senior leadership roles. The Enablement and disability inclusion focus area is sponsored by Harry Brekelmans, Projects & Technology Director and Huibert Vigeveno, Downstream Director. From 2017 no further grants weremade under this plan. She holds an engineering degree from the University of Western Australia and an Executive MBA from the University of Utah. This was a one-off share award granted to all eligible employees of Shell on June 18, 2021. 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. Zo Yujnovich will become the second woman on Shell's eight-strong executive committee. 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. In certain circumstances, awards may be adjusted before delivery or subject to clawback after delivery. Allegations may be raised confidentially and anonymously through several channels, including a Shell Global Helpline operated by an independent provider. We have migrated to virtual courses and their uptake has increased from2020, when people were still new to the virtual ecosystem. 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. Oksana Bilyk on LinkedIn: #shell (The author is a Reuters Breakingviews columnist. The support has included providing access to vaccines. Our CEO Ben van Beurden is a Catalyst CEO Champion for Change. Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. 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. Opinions expressed are those of the author. 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). In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. 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. 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. We believe that by achieving this ambition, we will contribute to a better and more equal world. 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? 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 . We also provided resources for our employees under the Care-for-Self programme. The 19% of our workforce who have not provided data or have chosen not to declare their ethnicity were not included in our calculations. 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 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. 52, has been on Shell's executive committee since January 2016 as its head of integrated gas . That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. In 2021, 47% of our graduate recruits were female, compared with 49% in2020. Our kids grew up in Montreal and so have a very strong language in French. Gemarkeerd als interessant door Zoe Yujnovich Neem nu deel om alle activiteiten te bekijken Ervaring Shell 8 jaar 5 maanden Upstream Director Shell okt. Watch and listen to a variety of WA true crime series, video channels and podcasts with commentary on news, politics and current affairs. Maurice B. Shaw on LinkedIn: Shell to combine its integrate gas 2021- heden1 jaar 5 maanden. Sinead Gorman | Shell Global Jessica Uhl was included in the OUTstanding 2021 Ally Executives Role Model List, which recognises business leaders who help create more inclusive workplaces. Shell in the UK was one of the first FTSE 100 companies to voluntarilypublish ethnicity pay gap data in November 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. I am an extrovert-turned-introvert. In his new role, Wael Sawan will oversee Shell's continued expansion into low-carbon and renewable energies as well as the power markets. 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. Employees who are about to leave typically have a lower response rate than those who plan to stay with a company. We want everyone to have a strong sense of belonging, irrespective of our differences. These options are normally exercisable after completion of a three-year contractual savings period. In 2012 he became Executive Chair of Shell in China, and in 2016 led the integration of BG Group. Shell says restructuring could bring job cuts - ETHRWorld Our Standards: The Thomson Reuters Trust Principles. First launched intheUK in 2005, we now have 14 enABLE networks globally. Zoe A Yujnovich is Exec VP/Dir:Upstream at Shell PLC. Zo Yujnovich Shell belongs totheBusiness Disability Forum. Get exclusive discounts on movie tickets, dining and popular attractions. Violation of the Code of Conduct or its policies can result in disciplinary action, up to and including contract termination or dismissal. (Source: Royal Dutch Shell Plc) Royal Dutch Shell Plc on Oct. 15 named Zo Yujnovich as upstream director, replacing Wael Sawan who will now head Shell's integrated gas and . Under the Performance Share Plan (PSP), 50% of the award is linked to certain indicators described in Performance indicators, averaged over the performance period. 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. Both appointments are effective Oct. 25, 2021. Zoe Yujnovich, who heads oil exploration, and Sinead Gorman, who recently joined as chief financial officer, are both well thought of. The table below shows actual employee numbers by geographical area. Sean Smith. Australian Petroleum Production and Exploration Association, Executive Vice President & Country Chair of Shell Australia, Executive Vice President, Oil Sands Operations. 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. 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. The remaining 67.5% is linked to the comparative performance condition mentioned above. Eligible employees of participating Shell companies in the UK have beenable to participate in the UK Sharesave Scheme. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Will His AI Plans Be Any Different? Shell to combine its integrate gas, upstream businesses Both appointments are effective 25th October 2021. Shell was rated as a top employer inthe Workplace Pride Global Benchmark 2021 survey, with a score of 92.4%. As a woman in a male-dominated sector, I've had a very positive experience. Two years and two months (appointed January 2020). With over twenty years of global experience in the mining industry, Zoe joined Shell in 2014 as Vice President Oil Sands Joint Venture. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". In August, we launched our new organisational structure as part of the Reshape initiative. 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. 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. The average employee engagement score was 75 points out of 100. We are working to advance LGBT+ inclusion within Shell. Our people are essential to the successful delivery of Shells strategy and to sustaining business performance over the long term. 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. 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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. Eight years and one month (appointed February 2014). 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 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. We monitor and report internally on adherence to select ethics and compliance requirements, such as mandatory training completion andduediligence screening. 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. 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. In certain circumstances, awards may beadjusted before delivery or subject to clawback after delivery. We have a number of share plans designed to align employees interests with our performance through share ownership. Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements. Zoe Yujnovich was appointed the Executive Vice President, Heavy Oil on January 1, 2016. We co-sponsored the UK 2021 Race at Work survey conducted bythemembership organisation Business in the Community. We have constantly sought to show care for anyone losing theirrole. He also pulled off the $70 billion purchase of BG Group in 2016, which made it a leading force in liquefied natural gas (LNG). The global . Zoe Yujnovich elevated to Shell's senior ranks with new promotion. This award supports employee engagement in the Powering Progress strategy. 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. Shell announces changes to Executive Committee | Shell Global We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. 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. All are members of the Executive Committee (see Governance Framework). 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. Shell shares were trading at 26.8 euros as of 1000 GMT on Sept. 2, up 1.7%. In 2021, weformed the Global enABLEMENT Coalition, an internal forum bringing together enABLE networks and functions to create an inclusive, accessible and psychologically safe workplace for people with disabilities. 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. 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. Economic Club of Canada - Zoe Yujnovich In an industry where women have been traditionally underrepresented, three of our five largest energy-trading divisions are led by women. 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. These standards are set out in the Shell General Business Principles and our Code of Conduct. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). She has led Shell Australia for the past. Thisincludes equal access to valuable educational resources, training programmes, and emphasis on personal and professional development. 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. 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. Eligible employees in participating countries may participate in the GlobalEmployee Share Purchase Plan. We benchmark ourselves externally, with consistent top-tier results. Work-life balance is a bit tricky because it indicates that, at any moment, things are in perfect harmony. This interview has been edited and condensed. Shell has said it has the best alignments across the Browse venture the company has ever seen, but Ms Yujnovich has also indicated several details needed to be thrashed out to avoid issues down the track. 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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Under the Long-term Incentive Plan (LTIP) awards made in 2018, 25% of the award is linked to the FCF measure and the remaining 75% is linked to the comparative performance conditions mentioned above. From 2021, 10% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. Subscribers with digital access can view this article. 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. She has more than 25 years' experience in various aspects of industry, from frontline operations to project execution and strategic leadership. 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. The employee engagement score is based on a well-researched and validated model that combines satisfaction, motivation, affiliation, loyaltyand dedication.