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.
More about @ Linkedin.