Anthony Petrello, the CEO of Nabors Industries Limited

Jun - 22 2017 | By

The president, CEO and chairman of Nabors Industries, Tony Petrello has his base in Hamilton Bermuda. The firm is the world’s largest geothermal power plant and natural gas drilling company. Nabors has had contracts in the Middle East, USA, Far East and also Africa. The company started a business in 1968 and was at that time called Anglo Energy.Tony attended Harvard University and Yale University. At Harvard, he got a J.D degree and BS and MC degrees in Mathematics from Yale University. His career began when he was recruited by a law firm called Baker and McKenzie in 1979. He was a managing partner in the New York sector from 1985 to 1991.

He went to Nabors in 1991as the Chief operating officer, and in 1992 he became the president there. 2003 is when he was made the Deputy Chairman of Nabors Industries till 2012 of June. Tony was then made the CEO, and since 2012 he has been the chairman of the board of Nabors Industries. He is also Director and board member at Stewart and Stevenson, LLC, MediaOnDemand and Texas Children’s Hospital.Mr. Petrello compensation in the financial year 2015 was 27,512,939 dollars, and he received 1,580,077 dollars as salary, a bonus of 7,727,000 dollars, stock amounting to 16,863,656 dollars and 1,342,206 dollars for various kinds of compensation.

His roommate, Lloyd Grove has always envied him as he sees his excellence in the business industry. Tony has changed since they left college and at a reunion, he was older, enviable and had features of an alpha male, that is according to Lloyd. The successes of Petrello has had him compare himself to many of his school mates who are CEOs, and he has surpassed most, Petrello is the one that he feels has exceedingly triumphed.His daughter was born with periventricular leukomalacia with only 24 weeks and weighed 20 ounces. She is now learning to walk and talk. He has developed more conditions and development issues. Together with his wife, he is active on the board of Texas Children’s Hospital. He has promoted a research by contributing over 7 million dollars to the hospital so as to find the cure for the PVL and other diseases.

 

 

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