Anthony Petrello: Loving Father, CEO and Role Model.

Anthony or Tony Petrello is currently the President and Chief Executive Officer of Nabors Industries Ltd. Anthony has almost 30 years of experience and has turned Nabors Industries into one of the largest oil and gas drilling contractors in the world. It is also owns the largest land-based rig fleet in the world. In 2016, Nabors had more than $2 billion in revenues and employed more than 30,000 individuals around the world.

Tony Petrello was born in Newark, New Jersey and attended Yale University on a public-school scholarship due to his brilliance and dedication to working hard. His interest in mathematics developed as he earend both a BS and MS in mathematics from Yale University.

After completing his studies at Yale he earned his law degree from Harvard University where he graduated in 1979. That same year he joined the law firm Baker and Mckenzie where he became a managing partner by the time he left in 1991. More about Anthony or Tony Petrello click here.

In 1991, one of Baker and McKenzie’s biggest clients, Nabors Industries Ltd. offered Tony a job, which would begin his immaculate career in the oil and gas industry. He quickly ascended the ranks and was promoted to Deputy Chairman of Nabors in 2003. In 2011, Tony Petrello became the CEO of Nabors, which had grown to have offices in Bermuda and Houston, Texas.

With Tony at the helm, Nabors grew so large and so fast it began acquiring other companies including Superior Well Services, which owned the rights to the productive and efficient fracking technology. A few years after joining Nabors Tony helped his predecessor improve the company’s strategy and expand its services abroad. Nabors was reincorporated in Bermuda, which greatly reduced its Federal tax burden. Now, Nabors operates in over 20 nations and has one of the highest paid CEO’s in the world. From humble origins and a public school scholarship to highest paid CEO, Anthony has truly achieved the American dream. He is currently one of the highest paid CEO’s in America earning over $15.3 million in 2016.

His contributions to the growth and success of Nabors have propelled him to the top. Since his instatement as CEO the company has experienced a %180 increase in stock price and employs more people than ever. Even though Anthony has achieved great success he never forgets his humble beginnings. He contributes to several non-profit organizations and is active on the Texas Children’s Hospital Board of Trustees. Tony is an active philanthropist, loving father and CEO. His daughter, Carena was diagnosed with Cerebral Palsy, which Tony discovered has very few research foundations. Tony and his wife enabled the Texas Children’s Hospital to begin the Neurological Research Institute with a $50 million donation in 2010.

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New Chairman Expected to Succeed in Leading the Capital Group

Timothy Armour is the new chairman of Capital Group. He has an experience in the field of investment. He has been in the area for more than three decades, and that is why he is qualified for the position of chairman of the Capital Group. The firm has senior people who will work with Timothy to ensure the company’s success. Capital Research and Management Company President Rob Lovelace and Capital Group President Phil de Toledo are among the people who will work with Armour for the business to succeed under his watch.

Timothy started his career in the year 1983 with the Capital Group in the associate program, and he took to the position of chairman in July 2015. He succeeded James Rothenberg who passed away. Rothenberg had joined the company in 1970. Under the leadership of Rothenberg, the company was able to expand to the whole world.

Tim Armour said that the Capital Group had lost a friend as well as a colleague and expressed the grief on behalf of the company. Tim also pointed out that the company had a lot of talented workers and that is the main reason of its strength. With such talents, the company can deliver permanent results regarding investment.

The Capital Group started in 1931 in Los Angeles, California. The organization is one of the oldest and also largest investment management companies in the state. Many recognize the company for focusing on long-term goals. Some of its offices are located in Tokyo, Sydney, and London among other locations. The company moved forward announcing a partnership with Samsung Asset Management so that they can collaborate on investments and management globally for the Korean market.

The two companies have four main specific areas that they will focus on. They include product supervision, retirement organization, investment administration and support for channels of distribution. Armour said that Korea is faced with demographic challenges because of the financial requirement for the aging population. He further said that the company would help in co-designing of investment results for the Korean Market.

Janet Yang, who is an independent investment research firm analyst gave the company an A rating because of maintaining an enduring franchise. She reported that Capital Group is worth more than $1.4 trillion and had more than 7,000 employees. The company also continues to advance in investment and also creates long-term results.

Click here to learn more about Tim Armour and his career.