Nabors Industries, Inc. CEO, Board Chairman, and President Anthony G. Petrello aka Tony Petrello age 62, was hired at Nabors on October 1st, 1991, right about the time of the 1990-91 recession.
Before his ongoing career at Nabors, Petrello received his undergraduate and graduate degree from Yale University. However, he went on to obtain his graduate degree out of Havard Law School. Following his educational background, Mr. Petrello became an employee at Baker $ McKenzie law firm as their Managing Partner, from 1979-1991. All-though Petrello has an impressive work history, he is also on the Board of Directors at Texas Children’s Hospital, Stewart & Stevenson LLC, and had even been a board member at Hilcorp Energy Co.
Nabors Inc, being the world’s biggest land-based drilling company, also the worlds best provider for offshore drilling rigs, is arguably thanks to Mr. Petrello’s dedication to the companies success. Without him and his incredible planning techniques and operating functions to improve cost savings, who knows where Nabors would be in this grueling economy. The fruits of his efforts have brought a huge amount of success to his door. As of the Fiscal Year 2015, Anthony’s total compensation was a massive, $27,663,602 dollars.
With major success Petrello had seen, also came tragedy to him and his wife Cynthia Petrello. 24 week old Carena Petrello, was born premature with a common condition, Periventricular Leukomalacia, or PVL. This neurological disease is caused in infants, due to lack of oxygen and blood flow to the brain. As a side effect to this, beautiful Carena developed the condition known as cerebral palsy. Tony Petrello, being the loving and caring, hardworking person that he is, does not give up hope in looking for a cure for his daughters disability. No matter the challenge presented to him, much like this incredible man’s prospering work ethic.