The Life Achievements of Anthony Petrello

The President, Board Chairman, and Chief Executive Officer, Nabors Industry Ltd., Anthony Petrello is an alumna of Harvard Law School where he graduated with J.D degree. He also has a bachelor’s and master’s degrees in mathematics from Yale University.

Career Journey

Between 1979 and 1991, Anthony worked with Maker and McKenzie law firm where his focus was on international arbitration, general corporate law, and taxation. From 1986 to his time of resignation from the firm in 1991, Anthony acted a Managing Partner of the company in its offices in New York.

After resigning from the law firm, Petrello was appointed to the Nabors Board of Directors and the Executive Committee of the Board. Between 1991 and 2011, Petrello acted as the Chief Operating Officer and the Company’s Deputy Chairman since 2003.

In 2011, Petrello was named the President and Chief Executive Officer of Nabors Industries. He has held the position of the Chairman of the Board and the Chairman of the Executive Committee since June 2012.

Anthony Petrello is responsible for providing strategic planning initiative and direction to Nabors Industry Ltd, enabling the company to adapt and prosper in the competitive market. He is also a director at Stewart & Stevenson LLC and Hilcorp Energy Company.

Read more: Nabors Industries (NBR) CEO Tony Petrello on Q1 2015 Results – Earnings Call Transcript

Anthony Petrello’s Compensation Bonus FY 2015

Despite the fall in the stock of Nabors Industries, one of the world’s largest drilling companies by over a third, its CEO, Anthony Petrello saw his annual compensation almost double to $27.6 million. According to the company’s filing, Petrello, a 22 years old Nabors veteran was paid $27million in stock, $18million in cash and limited stock value of $15million to rewrite his contract.

Tony Petrello’s Daughter, Carena

Tony Petrello and his wife Cynthia are blessed with a daughter; Carena was born with periventricular leukomalacia (PVL). The condition has seen the 8years old girl fight for healthy child development including walking, talking and even eating. To the parents, every day and achievement by their daughter is a miracle.

Their daughter predicament led to the couple’s altruistic behavior whereby they donated $7 million to the Texas Children’s Hospital to help in the neurological research center.

Tony’s Freshman Year Roommate Comments

According to Llyod Groove, Anthony Petrello was a jovial youngster during their school days and was always making jokes on other students. He was also a maths genius, and his colleagues and teachers would have expected him to pursue the academic path instead of the law career he chose. Tony and Cynthia, his wife, were college sweethearts and so it’s not a wonder they started a family.

Nabors Industries Ltd at a Glance

Nabors Industries Ltd is a drilling contractor with over 500 active rigs in 25 countries worldwide. The company has the world’s largest drilling rigs which are in demand throughout. Probably it is the company’s powerful rigs that made it prosper in the industry. But it also has a vicious appetite for contracts and is always looking for more ways to expand its market.

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