Anthony Petrello, popularly known as Tony, became a member of the board of directors and the executive committee board of Nabors in 1991. Today, Tony Petrello serves as the chairman of the board and CEO, as well as the chairman and president of the executive committee at Nabors Industries Limited.
Besides the usual operating functions associated with the positions he holds at the company, Tony spearheads the firm’s strategic planning which has enabled Nabors not only to adapt but also do well in the ever dynamic and highly competitive business environment.
Nabors Industries Limited operates in the oil business not only as a contract driller but also as an oil field service firms. Over the years, the company has exhibited an unmatched appetite for acquisitions. Nabors has around 500 active rigs in 25 countries, and as such, claiming to be in possession of the world’s largest fleet as far as land-based drilling gigs are concerned. The company’s services witness high demand, particularly in the ever blossoming shale-fracking business.
Apart from his current position at Nabors Industries, Tony is the director of two companies – Stewart & Stevenson LLC, and Hilcorp Energy Company. His total calculated compensation in 2015 was $27,663,602 with his salary and bonus amounting to $7,705,077.
Before joining Nabors Industries Limited, Tony worked with Baker & McKenzie, a law firm, between 1979 and 1991, where he focused his attention on matters of international arbitration, general corporate law, and taxation.
From 1986, he worked as the managing director of the law firm’s New York’s office between 1986 and 1991. Tony has a strong education background. He holds a Juris Doctor degree obtained from Harvard Law School, as well as a B.S and M.S degrees in Mathematics, Yale University.
Tony Petrello is a member of the Texas Children’s Hospital Board of Trustees. He offers significant contributions to the research and clinical programs aimed at addressing the needs of kids living with neurological disorders. Tony and his wife Cynthia have a child, Carena, who has (periventricular leukomalacia (PVL) – a neurological disorder. For them, the progress (however small) that their daughter makes in the journey towards attaining her independence, is viewed as a miracle. They believe that God placed their daughter in their lives for a greater reason. As such, they offer all sorts of support, including financial donations to causes designed to find answers to neurological conditions.