Tony Petrello is one of the highest paid business leaders in the oil and gas industry. He is currently serving as the President and CEO of Nabors Industries Ltd. Tony Petrello joined the company in 1991 as the Chief Operating Officer. He rose through the ranks to the CEO position in 2011. He served as the Deputy Chairman between 2003 and 2012. He was appointed to the Chairman slot in 2012.
He is in charge of strategic planning and providing innovative guidance to the conglomerate. This includes numerous subsidiaries such as Nabors Drilling, Nabors Alaska Drilling, Ryan Energy Technologies and Nabors International among others. Nabors Industries supports geothermal, oil and gas. It is involved in drilling and exploration operations in the US, Asia, Middle East and Africa.
The firm was established in 1968 and is based in Houston, Texas. It is incorporated in Bermuda and operates over a thousand oil rigs around the world. Nabors Industries boasts of more than thirty thousand staff in over twenty countries. It posted an annual revenue of over $2 billion in 2016 and resume him.
Before Nabors Industries, he served as a Managing Partner of Baker & McKenzie, a law firm in New York. He was credited with the success and consequent expansion of the New York branch office. His achievements at the law firm opened up leadership opportunities at Nabors Industries. Tony Petrello made history in 2015 when he became of the highest paid executives in the corporate world. He received over twenty-seven million dollars in annual compensation including salary, bonus and stock options and what Tony knows.
Tony Petrello is an ardent philanthropist. He supports education and clinical research into pediatric neurological conditions. He serves as a director and a member of the board of Texas Children’s Hospital, a renowned pediatric facility in Texas. He also contributes to charity together with his wife, Cynthia. This is through the Petrello Family Foundation, a non-profit that promotes education, the arts and medical research in the community and his Facebook.
He attended Yale University and obtained a master’s degree in mathematics. He then attended Harvard Law School for his law degree. Tony Petrello is also a director of Stewart & Stevenson, a privately held firm that supplies industrial products to the energy sector. He is also associated with Hilcorp Energy Company and more information click here.
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