The Success Story of Anthony Petrello

Only talented individuals have the ability to handle an array of responsibilities. Anthony Petrello is one of those individuals. Currently, he is serving as the president, CEO, and chairman of the board and executive committee of Nabors Industries.

About Nabors Industries

The company traces its headquarters in Hamilton, Bermuda and it’s the largest geothermal and natural gas drilling company in the world. The company was established in 1968 as Anglo Energy, Ltd. It has operations in America, Africa, Middle East and the Far East. The company changed its name from Anglo Energy in 2000.

Tony’s Progress in Career

Anthony Petrello began his career in 1979 after joining Baker & McKenzie law firm. During his career at the company, he was the managing partner of the New York branch. He later joined Nabors Industries as a COO in 1991. In 1992, Anthony was appointed the president of the company. He was later elected the deputy chairman of the company in 2003, a position he held until June 2012. In 2011, Mr. Petrello assumed office as the company’s CEO. Besides working at Nabors Industries, he is also the director of Stewart &Stevenson, LLC and also the Director of Texas Children’s Hospital.

Tony’s Journey in Philanthropy

Anthony Petrello began working with Texas Children’s Hospital after his daughter was diagnosed with Periventricular Leukomalacia (PVL). Tony and his wife were motivated to seek for answers to this condition. Therefore, they began working with the hospital and the Dan Duncan Neurological Research Institute. Tony and his wife donated $5 million to facilitate the research and promised to give more donations.

Best Paid CEO in 2015

Tony is one of the best-paid CEOs in the world. His annual compensation in 2015 was $27,512,939. Out of the total compensation, $1,580,077 was received as salary, $7,727,000 as bonus, $16,863,656 received as stocks and $1,342,206 as other forms of compensation.

Educational Background

Tony did his first degree in BS from Yale University and his second MS from Yale University. His BS and MS were in mathematics. He also has attended Harvard Law School and pursued a J.D degree. At the age of 61 years, Anthony Petrello was a member of three Boards in three different organizations across four different industries.