This award supports employee engagement in the Powering Progress strategy. As a result of different notice periods in various markets, people are continuing to leave until the end of 2022. Thisincludes equal access to valuable educational resources, training programmes, and emphasis on personal and professional development. 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. All rights reserved. Huibert was previously Executive Vice President Global Commercial. The stuff I know I don't know, I can actually get help and support on. 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. First launched intheUK in 2005, we now have 14 enABLE networks globally. Ms Yujnovich will take up a key role in shaping Shell's future in conventional oil and gas across 18 countries, excluding Australia, from January. 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. 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. As of December 31, 2021, 8% of our Board members were from an ethnicminority. 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. In 2021, learners embraced the virtual courses. 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. Both appointments are effective 25th October 2021. 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. 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. In 2012 he became Executive Chair of Shell in China, and in 2016 led the integration of BG Group. 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. 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. He joined Shell in 1997 and worked in a variety of roles in each ofShells core business units: Upstream, Integrated Gas and Downstream. Zo Yujnovich will become the second woman on Shell's eight-strong executive committee. This article was published more than 6 years ago. But the things I don't know about are blind spots that have the potential to really create concern. That's what I try to focus on at this point in my career. 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. None of the three key executives being talked about by investors, analysts and industry sources has been confirmed by either Woodside or in person. As of December 31, 2021, there are no outstanding UK Sharesave or BG Sharesave options. Subscribers with digital access can view this article. We have constantly sought to show care for anyone losing theirrole. Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. But in essence, there is a really strong commonality. The 19% of our workforce who have not provided data or have chosen not to declare their ethnicity were not included in our calculations. Zoe Yujnovich. The table below shows actual employee numbers by geographical area. Shell Upstream Director Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. He joined Shell in 1995 and led many Downstream businesses across Shell in Europe, Africa, North and South America, and Asia. Regular chances to win incredible prizes like luxury getaways and sports tickets with our subscriber exclusive competitions. Shell has a global LGBT+ forum consisting of LGBT+ colleagues and allies. That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. 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.. We also seek to provide what they need if they areworking remotely. In an industry where women have been traditionally underrepresented, three of our five largest energy-trading divisions are led by women. 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 world. We aim to increase racial and ethnic representation across our workforce so that we better reflect the communities in which we work and live. 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. The increase was caused by the rise in the availability of virtual courses as we rapidly digitalised, enabling people toattend virtually. 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. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. 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. 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. Our people are essential to the successful delivery of Shells strategy and to sustaining business performance over the long term. All quotes delayed a minimum of 15 minutes. These are reinforced with both global and targeted messages to ensure that Shell staff are kept reminded of their obligations. 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. For 2019 and 2020, 22.5% of the award is linked to the FCF measure and 10% is linked to an energy transition measure. This included acting as Executive . 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. Options havebeen granted over the Companys shares at market value on the invitation date. 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. This includes incorporating results from relevant internal audits, reviews and investigations, and periodically commissioning external reviews and benchmarking. 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). Our workplace accessibility (WPA) service currently serves 86 locations globally. I am an extrovert-turned-introvert. 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 global . This was a one-off share award granted to all eligible employees of Shell on June 18, 2021. Ms Yujnovich told The West Australian's Leadership Matters breakfast event yesterday the ability to do that was the result of the culture of her business, saying that if the . In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. Most of our work around LGBT+ inclusion happens at a country level in line with local policies, laws and regulations. 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. Wehaveachieved this target. This result gives Shell one ofthe leading employee engagement scores across a range of industries. Wael was previously the Upstream Director and amember of the Executive Committee. Number of selected key business countries. Two of our LGBT+ colleagues were featured in the OUTstanding 2021 LGBT+ Future Leaders List. We investigate all good-faith allegations of breaches of the Code ofConduct, however they are raised. Our Standards: The Thomson Reuters Trust Principles. This isadecrease of three points compared with 2020 but still reflects the resilience of our people in a year of change. Management regularly engages with our employees, including internally elected employee representatives, through a range of formal and informal channels. The remaining 60% is linked to the comparative performance condition. 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. Strong engagement helps us to accelerate our peoples development, enhance our leadership capabilities and improve employee performance. 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 . The deal was seen as a precursor to Shell eventually competing in the consumer space against the likes of Origin Energy and AGL. Allegations may be raised confidentially and anonymously through several channels, including a Shell Global Helpline operated by an independent provider. 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. Our CEO Ben van Beurden is a Catalyst CEO Champion for Change. This allowed us to continue to invest in people and capabilities, while maintaining our focus on safety. I gain a lot of energy by keeping fit, and I enjoy competing in half and full marathons. Ed was previously Executive Vice President Strategy, Portfolio & Sustainability. formal training days for employees and joint-venture partners, experienced people joined Shell (34%female), recruited for Shell Business Operations centres (51%%female). In his new role, Wael Sawan will oversee Shell's continued expansion into low-carbon and renewable energies as well as the power markets. Two years and two months (appointed January 2020). Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. Opinions expressed are those of the author. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . We are working to advance LGBT+ inclusion within Shell. 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Dutchman Huibert Vigeveno heads Shells refining operations, which have been making money hand over fist amid record refining margins. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.