Will His AI Plans Be Any Different? Get exclusive discounts on movie tickets, dining and popular attractions. LNG, in which Shell has a leading 20% market share, could be the key driver of its medium-term valuation given energy security concerns. See Note 22 to the Consolidated Financial Statements. It's somewhat subtle, but I think mentors tend to be more active in terms of perhaps guiding me on specific things. Neither she nor Ms Slattery has experience as CEO of a listed oil and gas producer, with the same for Ms ONeill. All Rights Reserved. Our approach starts with living up to our core values of honesty, integrity and respect for people. Click on a photograph to read the full biography, Seven years and five months (appointed October 2014). 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. Shell was rated as a top employer inthe Workplace Pride Global Benchmark 2021 survey, with a score of 92.4%. Options havebeen granted over the Companys shares at market value on the invitation date. 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. We have a number of share plans designed to align employees interests with our performance through share ownership. We also provided tips on setting up and maintaining good ergonomics, working with others virtually and maintaining productivity. On October 25, 2021, Wael succeeded Maarten Wetselaar as Integrated Gas, Renewables and EnergySolutions Director. Looking back now, I certainly didn't have that in university. Climate change and energy transition. He joined Shell in 1988 and has held roles in Shells Upstream, Integrated Gas, and Downstream businesses and our Projects & Technology organisation. Shell also endorsed the World Economic Forum Call to Action on closing the gender gap in theoil and gas sector. Zoe Yujnovich. 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. 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. 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. First launched intheUK in 2005, we now have 14 enABLE networks globally. We want everyone to have a strong sense of belonging, irrespective of our differences. 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. 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. She has led Shell Australia for the past. 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. 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. Allegations may be raised confidentially and anonymously through several channels, including a Shell Global Helpline operated by an independent provider. 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. Copyright 2023 S&P Global. 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. 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. The remaining 60% is linked to the comparative performance condition. 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. 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. We seek to ensure everyone atShell has equal opportunities and feels included. The opinions expressed are his own.). 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. On January 1, 2020, Huibert succeeded John Abbott as Downstream Director and was appointed to the Executive Committee. This Report presents the Consolidated Financial Statements of Shell (page 228), the Parent Company . 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. The remaining 67.5% is linked to the comparative performance condition mentioned above. Shell also acquired business electricity retailer ERM Power in a $617 million deal in August that provided evidence it was serious about launching into the broader energy retailing market in the eastern states . Our ethics and compliance requirements are articulated through ourpolicies, standards and procedures and supported by the Ethical Decision-Making Framework, a tool to help staff think through and discuss, in a structured way, the legal, ethical and external consequences of decisions. 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. In 2021, learners embraced the virtual courses. See here for a complete list of exchanges and delays. Facilitation payments are also prohibited. But the things I don't know about are blind spots that have the potential to really create concern. In 2021, we continued to support our people and assist in the fight against COVID-19. 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. 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.. The market would like to see them go external.. We benchmark ourselves externally, with consistent top-tier results. 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. Regular communications from our leaders emphasise the importance ofthese commitments and compliance with requirements. As ethnicity declaration is voluntary, our ethnicity declaration rate is not 100% and all calculations are based on a declaration rate of 81%. As told to Karl Moore and Aya Schechner. Sponsors are the people who were advocating, perhaps, without my knowledge. Directors and Senior Management. 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. 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. 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. But he now runs Shells Integrated Gas and Renewables arm which includes LNG and green activities like solar and wind. This award supports employee engagement in the Powering Progress strategy. 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. Sawan took office on Jan. 1 . Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. From 2017 no further grants weremade under this plan. This isadecrease of three points compared with 2020 but still reflects the resilience of our people in a year of change. Whether Woodsides new CEO will expand the Pluto LNG project is a point of debate among investors. That said, Shell doesnt tend to have two Dutch CEOs in a row, and the female candidates are less well known to investors. Sean Smith The West Australian. We launched two mandatory training courses for all staff in 2021: Respect in the Workplace and Conscious Inclusion. Get the news you want delivered straight to your inbox so you never miss a headline. We track local national coverage. Woodside had declined to comment on the status of the CEO search on Tuesday ahead of an expected update from chairman Richard Goyder at the annual shareholder meeting in Perth on Thursday. As of December 31, 2021, 8% of our Board members were from an ethnicminority. Six years and two months (appointed January 2016). 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 . My sense is that they affiliate perhaps more with their Canadian culture, although they still recognize Australia just because it's the heritage that they come from. In certain markets, we provided the opportunity for selected voluntary severance (SVS), in order to reduce the number of enforced redundancies. Huibert Vigeveno, the current downstream director, will . Donny was previously General Counsel for Projects & Technology, based in the Netherlands. 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. 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. 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. But in essence, there is a really strong commonality. 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.
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