Subscribers with digital access can view this article. Before that, John Akehurst joined from Woodsides then cornerstone shareholder Shell, initially seconded into the Australian company before taking over as CEO two years later from Charles Allen, who was in the role for 16 years. 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. 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. These options are normally exercisable after completion of a three-year contractual savings period. This documentary-style series follows investigative journalists as they uncover the truth. 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. 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 . We also make our requirements clear to third parties through a variety of measures such as standard contract clauses. Shell shares were trading at 26.8 euros as of 1000 GMT on Sept. 2, up 1.7%. Our kids grew up in Montreal and so have a very strong language in French. We are focusing on removing barriers and creating equality of opportunity in four strategic priority areas: gender; race and ethnicity; lesbian, gay, bisexual and transgender (LGBT+); and enablement and disabilities inclusion, as set out in our powering lives commitments to diversity and inclusion. This was a one-off share award granted to all eligible employees of Shell on June 18, 2021. 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.. 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. Currently six out of 12 of our Board members are women. Recently appointed Chief Financial Officer Sinead Gorman and Zoe Yujnovich, head of upstream, are also seen as possible successors, the sources said. 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. Shell has a global LGBT+ forum consisting of LGBT+ colleagues and allies. We have a number of share plans designed to align employees interests with our performance through share ownership. We pay particular attention to our due diligence procedures when dealing with third parties. Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements. 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. In December 2021, we also launched a LinkedIn learning path called Spotlight Disability Inclusion: A Guide for Line Managers. Thiscollection of learning resources helps Shell line managers to becomemore confident about issues relating to disability inclusion. 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. None of the three key executives being talked about by investors, analysts and industry sources has been confirmed by either Woodside or in person. In 2021, the continuing COVID-19 pandemic brought additional focus onconduct risk, which arises from human behaviour, influenced by factors inthe external environment. She has more than 25 years experience in various aspects of industry, from frontline operations to project execution and strategic leadership. 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". He joined Shell in 1990 and has held various management positions in Exploration and Production, Internal Audit, and Group Strategy and Planning. We publish our Ethics and Compliance Manual onshell.com to demonstrate our commitment in this area. The Board has delegated the oversight of the functioning of the Shell Global Helpline to the Audit Committee. These numbers exclude those in companies with their own HR systems. 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. The long stints of the last four CEOs add up to an unusually long average tenure of more than 10 years, about double the average on the ASX. 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). These awards vest at the end of a one-year period. 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. 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. Both appointments are effective 25th October 2021. 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. She has led Shell Australia for the past. Shellis working towards achieving 35% representation of women inoursenior leadership positions by 2025 and 40% by 2030. The new division, which combines Shell's most profitable operations, will be headed by current upstream director Zoe Yujnovich, Shell said in a statement on Monday. 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. Climate change and energy transition. Zoe Yujnovich, who heads oil exploration, and Sinead Gorman, who recently joined as chief financial officer, are both well thought of. We co-sponsored the UK 2021 Race at Work survey conducted bythemembership organisation Business in the Community. He also pulled off the $70 billion purchase of BG Group in 2016, which made it a leading force in liquefied natural gas (LNG). Sponsorship played a very important for my career. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Our approach starts with living up to our core values of honesty, integrity and respect for people. We are working to address racial inequity. In 2009, Huibert was appointed Vice President Supply & Distribution, Europe and Africa. Now, I actually really value listening to others before I speak. Under the Performance Share Plan (PSP), 50% of the award is linked to certain indicators described in Performance indicators, averaged over the performance period. Zo Yujnovich was appointed Shell's Upstream Director and joined the Executive Committee in October 2021. Eight years and one month (appointed February 2014). 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. At December 31, 2021, there were a total of 82,000 employees at Shell. In 2021, 47% of our graduate recruits were female, compared with 49% in2020. Zo Yujnovich will become the second woman on Shell's eight-strong executive committee. We introduced a global minimum standard for outplacement. She holds an engineering degree from the University of Western Australia and an Executive MBA from the University of Utah. 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. See here for a complete list of exchanges and delays. They are communicated to Shell employees and contract staff and, where necessary and appropriate, to agents and business partners. She was previously executive vice president of oil sands, based in Calgary. In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. 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 Shell People Survey is one of the principal tools used to measure employee engagement, motivation, affiliation and commitment to Shell. 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. See Zoe A Yujnovich's compensation, career history, education, & memberships. I know what I know, I know what I don't know, and I don't know what I don't know. The deal was seen as a precursor to Shell eventually competing in the consumer space against the likes of Origin Energy and AGL. Work-life balance is a bit tricky because it indicates that, at any moment, things are in perfect harmony. Zoe Yujnovich, the current director of upstream, will head up a new directorate that combines the Integrated Gas and Upstream businesses. 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. The LGBT+ focus area issponsored by Chief Financial Officer Jessica Uhl. In 2021, a total of 271,000 formal training days were provided for employees and joint-venture partners, compared with 234,000 in 2020and 373,000 in 2019. Musk Made a Mess at Twitter. In 2021, there were 1,479 entries to the Shell Global Helpline: 1,177allegations and 302 inquiries. We will also become a stronger organisation, with a richness ofexperience and views to guide us. 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. 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?