Tony Petrello is currently known as the Chief Executive Officer, President as well as the chairman of the Nabors Industries Limited. His position in this company is a big deal because the Nabors Company is in one of the most profitable businesses there are, the oil business. The Nabors Company more specifically deals in contract oil drilling and other field oil services, with five hundred active oil rigs in twenty-five countries. Anthony Petrello ranks among the highest paid bosses in America. However, Petrello did not simply happen to his current position on Bloomberg; rather there was a figurative ladder that he had to rise to, to get to his position.
Petrello’s Background before Nabors
Anthony Petrello or Tony Petrello as referred to by his colleagues among others has quite the resume with regards to his educational background. Tony holds a Juris Doctor Degree from the Harvard Law School. That is not all; he also has a Bachelor of Science and a Masters’ degree in Mathematics from Yale University. Tony joined the Baker & McKenzie law firm in 1979, where he specialized in dealing with taxation, international arbitration, and corporate law on texaschildrens.org.
Anthony Petrello’s Rise in Nabors Industries
Tony landed on the Nabors’ board of directors straight from his joining of the company in 1991, his specialization in corporate taxes in his previous job at the Baker & McKenzie law firm had an influence in getting him into that position. He got elected to the Executive Committee of the Board in the same year, where he has served as the Chief Operating Officer and President until 2011. From 2011 he became the Chief Executive Officer as well as the Chairman of the Executive Committee of the board from 2012 of the Nabors Company to date. In addition to his titles, Tony Petrello is charged with the responsibility to provide the Nabors Company with strategic planning initiatives that give the Company direction and enable it to be an adaptive and competitive Company in a dynamic market. This role he has succeeded in because since Tony became CEO of Nabors’ share price has upped to 180%.
Anthony Petrello’s Other Commitments
Anthony and his wife Cynthia Petrello have an eight-year-old daughter, Carena Petrello who was born with periventricular leukomalacia (PLV) at http://people.equilar.com/bio/anthony-petrello-nbr/salary/503049#.WFgTQSMrJNQ. This condition that Carena was born with is a common neurological disease that attacks premature infants. It entails the lack of blood flow to the brain, which for Carena has resulted into chronically impaired motor skills, as well as other developmental delay problems. The condition of their daughter has made the Petrellos devoted to finding answers, so much so that they have made donations of five million dollars with a total commitment of seven million dollars to fund the research of the Jan and Dan Duncan Neurological Research Institute to help their daughter and others like her. Anthony Petrello is also a member of the Board of Trustees of the Texas Children’s Hospital.