Anthony G. Petrello or commonly known as Tony Petrello is a man of multiple competence and aspirations. Anthony Petrello is mostly known for his contribution in Nabors Industries where he is currently holding a position in its Board of Directors. His expertise in managing complex positions and challenges has made him one of the most popular executives in the country, and he is an ambition for many professionals who are following his footsteps. However, Anthony had a humble start from his early life. He has a J.D. Degree from the prestigious Harvard Law School, and he completed his B.S and M.S. degrees in Mathematics from the reputed Yale University.
After completing his studies, Anthony Petrello joined a law firm called Baker & McKenzie which is considered as one of the top law firms in the US and across the globe. He worked in this law firm for almost 12 years, and he mostly focused on complex legal issues such as international arbitration, taxation and general corporate law. He also served as the Managing Partner of this law firm for five years between 1986 to 1991. In 1991, he resigned from Baker & McKenzie to join his next professional venture, the esteemed Nabors Industries. Anthony Petrello was elected to the Nabors Board of Directors and the Executive Committee of the Board in 1991. During his tenure in Nabors Industries as President and Chief Operating Officer (CEO) from 1991 till 2011, the organization went through some transformations and gradually became one the leading organizations. In 2003, Anthony was elected as the Deputy Chairman, and he is now serving here as the Chairman of the Board and Chairman of the Executive Committee since June 2012. If you didn’t know, he is also serving as a Director of Stewart & Stevenson LLC and of Hilcorp Energy Company.
Anthony’s contributions to Nabors Industries is considered as truly intuitive and transformational. Apart from his operating excellence, he also played a crucial role in all of its strategic planning initiatives and his directions enabled the Company to adapt and prosper in a competitive environment. Nabors Industries Ltd., which was founded in 1968 as Anglo Energy, Ltd. is an S&P 500 oil, natural gas and geothermal drilling contractor that operates all across America, Middle East, Far East, and Africa. It also specializes in well-servicing, offshore drilling rig servicing and many others support services for both offshore and onshore oil drilling and well-servicing operations. Serving in this company in such important positions was truly an amazing achievement for Anthony. His college roommate, Lloyd Grove marked him as Oligarch for his immense success in his published article on The Daily Beast.
The name of Anthony Petrello came to media attention when he was marked one of the top paying bosses in the USA in 2015. According to unconfirmed sources, his total compensation for 2015 was $27,512,939 that included $1,580,077 salary and a bonus of $7,727,000, stock of $16,863,656 and some other expenses. Unfortunately, he couldn’t make it list in 2014 due to corporate governance and compensation practices.
As a philanthropist at heart, Petrello is also a member of the Board of Trustees of Texas Children’s Hospital and an active advocate for research and clinical programs or children as he was deeply affected by the medical conditions of his daughter Carena who was diagnosed with leukomalacia.