Jessica Uhl will receive a severance payment of £921,000 following her decision to step down as Shell’s chief financial officer, the oil giant announced today.
Uhl left her jobyesterday after five years in the role citing family reasons and not being able to settle in London following the shifting of the group’s domicile to the UK.
Uhl, who will be paid and get her pension until the end of June, will lose half of the severance payout if she gets another job in the meantime.
She will still be entitled to a cash bonus, but it will be pro-rata and dependent on Shell’s performance in the 2022 financial year with 50% also paid in shares.
Long term incentives in 2020 and 2021 will also be pro-rata for her early departure, while the 2022 scheme lapses.
Uhl will be available to help new CFO Sinead Gorman until the end of June, Shell said in the statement.