zoe yujnovich shell salary

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. 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. 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. He joined Shell in 1988 based in Australia and then moved to Hong Kong and later to London. 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. 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. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. 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. 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. None of the three key executives being talked about by investors, analysts and industry sources has been confirmed by either Woodside or in person. 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. Subscribers with digital access can view this article. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. Shell has a global LGBT+ forum consisting of LGBT+ colleagues and allies. From 2021, 20% of the award is linked to the FCF measure and 20% is linked to an energy transition measure. We launched two mandatory training courses for all staff in 2021: Respect in the Workplace and Conscious Inclusion. 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. The 19% of our workforce who have not provided data or have chosen not to declare their ethnicity were not included in our calculations. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. 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. 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. In certain circumstances, awards may beadjusted before delivery or subject to clawback after delivery. We are creating an environment where people with disabilities can excel. As of December 31, 2021, 8% of our Board members were from an ethnicminority. Sean Smith. 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. Strong engagement helps us to accelerate our peoples development, enhance our leadership capabilities and improve employee performance. 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 . 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. Before that, hewas Executive Vice President Deep Water and amember of the Upstream Leadership Team. We monitor and report internally on adherence to select ethics and compliance requirements, such as mandatory training completion andduediligence screening. 6:30PM October 4, 2019. Our Standards: The Thomson Reuters Trust Principles. Zoe Yujnovich and Wael Sawan get major roles, while exiting Maarten Wetselaar will become Cepsa chief executive 15 October 2021 10:05 GMT Updated 15 October 2021 11:41 GMT By Vladimir Afanasiev Huibert Vigeveno, the current downstream director, will . The support has included providing access to vaccines. In 2021, 78.5% of our UK employees identified as white and 21.5% were from an ethnic minority background. The stuff I know I don't know, I can actually get help and support on. The average employee engagement score was 75 points out of 100. Work-life balance is a bit tricky because it indicates that, at any moment, things are in perfect harmony. As a result, we dismissed or terminated the contracts of a total of 67 employees and contract staff. These options are normally exercisable after completion of a three-year orfive-year contractual savings period. 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. She was previously executive vice president of oil sands, based in Calgary. The four internal candidates for the top job all have their merits. Donny was previously General Counsel for Projects & Technology, based in the Netherlands. Get notifications in MyBN when activity occurs. The remaining 33.75% was linked to the comparative performance condition. While maintaining this basic position, pragmatic, risk-based mitigations have been implemented whereappropriate to increase response speed and efficiency without undermining the intended purpose of our controls. We investigate all good-faith allegations of breaches of the Code ofConduct, however they are raised. There are many differences across cultures, some a bit obvious like the food we eat and the things we do. My passion has been around trying to make a difference in how we contribute to developing the world from the resources that we have. 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. 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. Internal investigations confirmed 181 substantiated breaches of the Code of Conduct in 2021. Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. The market would like to see them go external.. Click on a photograph to read the full biography, Seven years and five months (appointed October 2014). In 2021, the response rate was 83%, a decrease of 3.1percentage points compared with 2020. All metrics except the employees metric exclude the employees in certain Upstream, Renewables and Energy Solutions and Downstream companies that maintain their own HR systems. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. Get exclusive discounts on movie tickets, dining and popular attractions. 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). We also seek to provide what they need if they areworking remotely. 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. 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. They are communicated to Shell employees and contract staff and, where necessary and appropriate, to agents and business partners. Jessica Uhl was included in the OUTstanding 2021 Ally Executives Role Model List, which recognises business leaders who help create more inclusive workplaces. She then chaired Shell Australia for 2 years from early 2017. 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 proportion of voluntary resignations in Shell was 4.4% in 2021 compared with 2.6% in 2020. We believe that by achieving this ambition, we will contribute to a better and more equal world. Musk Made a Mess at Twitter. We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. The remaining 67.5% is linked to the comparative performance condition mentioned above. Ms Yujnovich will take up a key role in shaping Shells future in conventional oil and gas across 18 countries, excluding Australia, from January. This article was published more than 6 years ago. 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. Ed was previously Executive Vice President Strategy, Portfolio & Sustainability. We also provided tips on setting up and maintaining good ergonomics, working with others virtually and maintaining productivity. She has more than 25 years experience in various aspects of industry, from frontline operations to project execution and strategic leadership. LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. Shell is Woodside's biggest partner in the Browse project and both Woodside and Shell are facing pressure from the Morrison government to proceed. Both appointments are effective 25th October 2021. Zoe Yujnovich, who heads oil exploration, and Sinead Gorman, who recently joined as chief financial officer, are both well thought of. 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. We are part ofBlack Representation in Marketing (BRiM), a UK initiative to improve the representation of black people in marketing. 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. 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. We have constantly sought to show care for anyone losing theirrole. 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. This result gives Shell one ofthe leading employee engagement scores across a range of industries. 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. He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. 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. During and before the pandemic, we invested in the mental well-being of our employees through programmes such as World Mental Health Day, Im Not Okay and the One Thing Wall. 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 have a number of share plans designed to align employees interests with our performance through share ownership. The deal was seen as a precursor to Shell eventually competing in the consumer space against the likes of Origin Energy and AGL. None of the awards result in beneficial ownership until the shares vest. In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. 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. 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. Two years and eight months (appointed July 2019). 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. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. Comments. 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. Our ethnic minority employees identified as Asian (13.1%), black (3.4%), mixed (2.4%) or another ethnic background (2.6%). 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. 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. In 2012 he became Executive Chair of Shell in China, and in 2016 led the integration of BG Group. 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. Throughout the Reshape process, we have aimed to support those facing job reductions by helping them to find and engage with internal and external opportunities to reskill and upskill. This button displays the currently selected search type. Zo Yujnovich was appointed Shells Upstream Director and joined the Executive Committee in October 2021. 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. See here for a complete list of exchanges and delays. Climate change and energy transition. Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements. Previously she was Country Chair for Shells businesses in Australia and New Zealand and Executive Vice President for Oil Sands in Canada. This isadecrease of three points compared with 2020 but still reflects the resilience of our people in a year of change. These options are normally exercisable after completion of a three-year contractual savings period. This is a membership organisation thatbrings business leaders, disabled people, and government together to understand how to improve the life opportunities and experiences ofdisabled people in employment, the economy and wider society. Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. See Note 22 to the Consolidated Financial Statements. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. He previously served as Shells UK Country Chair. We aim to increase racial and ethnic representation across our workforce so that we better reflect the communities in which we work and live. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. Our approach reinforces respect for people and provides psychological safety for our LGBT+ employees in line with our core values. For 2019 and 2020, 22.5% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. 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. Under all plans, all shares that vest are increased by an amount equal to the notional dividends accrued on those shares during the period from the award date to the vesting date. This ensured that all employees whowere leaving Shell had access to an independent professional careercoach who could offer individualised support. (The author is a Reuters Breakingviews columnist. 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 every six shares purchased by the employee, one matching share is provided at no cost to the employee. 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. On October 25, 2021, Wael succeeded Maarten Wetselaar as Integrated Gas, Renewables and EnergySolutions Director. 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. 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. Employees who are about to leave typically have a lower response rate than those who plan to stay with a company. Shell's board succession committee, headed by Chairman Andrew Mackenzie, has met several times in recent months to draw up plans for van Beurden's departure and interview potential successors to the 64-year-old Dutchman, the sources told Reuters. Zoe Yujnovich. The industry leader for online information for tax, accounting and finance professionals. 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. In 2008, he was appointed Head of Legal at Shell Singapore, having served as Associate General Counsel for Gas & Power in Asia-Pacific. The lead internal candidate is US-born Meg ONeill, who has responsibility for development and marketing and was singled out by current chief executive Peter Coleman as a potential successor when she joined Woodside from Mr Colemans former employer, ExxonMobil in 2018. Opinions expressed are those of the author. For further information on stakeholder engagement, see Governance. Woodside Petroleum looks odds-on to have its first female chief executive, with the decision by Santos CEO Kevin Gallagher to remove himself from contention leaving two or three senior women oil and gas executives as the top candidates being talked about in the market. 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. Shell has promoted Australian boss Zoe Yujnovich to The Hague to head its global oil and gas operations, triggering a major local leadership shake-up. Follow the topics, people and companies that matter to you. This plan enables them to make contributions from net pay towards the purchase of the Companys shares at a 15% discount to the market price, either at the start or at the end of anannual cycle, whichever date offers the lower market price. We 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. 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, 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. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Zoe Yujnovich joined Shell in 2014 as Vice President Oil Sands Joint Venture, based in Calgary, Alberta. Our Real Estate teams developed guidance on returning to site safely for all of our locations. [A] 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. 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. 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. 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. Under the Restricted Share Plan, awards are made on a highly selective basis to senior staff. Sponsors are the people who were advocating, perhaps, without my knowledge. With over twenty years of global experience in the mining industry, Zoe joined Shell in 2014 as Vice President Oil Sands Joint Venture. The Enablement and disability inclusion focus area is sponsored by Harry Brekelmans, Projects & Technology Director and Huibert Vigeveno, Downstream Director. 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. 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.

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