If there are any lessons to be learned about hard work and determination, you will find that Anthony Petrello, the CEO of drilling powerhouse Nabors Industries, Ltd., is a shining example. He is a Newark, New Jersey native that goes by the nickname Tony, who has become the President, Chairman and the Chief Executive Officer for one of the largest drilling entities in the world today.
As of 2013, Tony Petrello had been listed as being the highest paid CEO, with compensation earnings totaling $68.2 million for just the 2012 financial year alone. When you look at the road that was traveled by this savvy executive, he can certainly be looked upon as an inspiration for anyone who wants to hit on a career path that will set them above the rest.
Anthony Petrello graduated with a JD (Juris Doctor) from Harvard Law School, while also having both a Bachelor’s Degree and Master’s Degree in the field of mathematics through Yale University. It was not until 1991 that he joined Nabors Industries, Ltd, where before that he was working as the managing partner at Baker & Mackenzie out of their New York office dating back to 1986. His specialties while working at the law firm included international arbitration and corporate tax law.
Nabors Industries, Ltd. Career Development
Once Tony Petrello resigned from the law practice in 1991, he made a move to Houston where he joined up with Nabor Industries, Ltd. as their Chief Operating Officer. He was elected to the Board Of Directors and then acceded to be on the Executive Committee of the Board within the very same year. Later on, he moved to the position of Deputy Chairman of the company.
As of 2012, and after succeeding Eugene Isenberg, Anthony Petrello was the President, CEO and the Chairman of the Board while also being the Chairman of the Executive Committee. Some of the other positions that he is known for includes being the former Director of Stewart & Stevenson, and the Director of Texas Hospital.
While at Nabors Industries, Ltd., Petrello is in charge of all of the strategic planning and general operations. He has a vast amount of knowledge in this area that has enabled him to enjoy incredible success in this competitive oil market. Nabors is an oilfield service company fully involved in contract drilling, and it has one of the largest drilling rig collections in the entire world, including 500 drilling rigs that are located throughout 25 different countries. They have been specialists in the area of specialty rigs, rig equipment, drilling software and technology and the world of land, offshore and directional drilling.
A humanitarian, Tony Petrello was noted for donating $5 million in 2006 to research for children afflicted with neurological disorders. Along with a great deal of family support, both Petrello and his wife made a commitment to raising $7 million in support of the worthy cause. Their involvement stems from their own daughter Carena being born with periventricular leukomalacia, or PVL, at 24 weeks.