Tony Petrello is the president, chairman of the executive committee and the Chief Executive Officer at Nabors Industries Ltd. that is based in Hamilton, Bermuda. The company is known as the most abundant natural gas and geothermal drilling contractor in the world. It has operations across, the Middle East, the Far East, Africa and the United States. The growth and the development of Nabors industries have been as a result of the significant efforts made by Tony Petrello. Before joining Nabors industries, Petrello had a very humble beginning in Newark, New Jersey. The area is known for its strong culture of work ethics and honor. In Newark area, everyone works extremely hard to ensure that all the needs are taken care of, and they strongly reject lying but praise honesty. This upbringing instilled Anthony with great values of honor and integrity which he holds to date.
From an early age, Tony Petrello understood that there are no shortcuts to success and from there he had a passion for books. He has a degree from both Harvard and Yale universities. At Harvard law school, he acquired a J.D. degree while he got a BS and an MS degree in mathematics from Yale University. After school, Tony Petrello began his professional career path in the year 1979 when he joined the Baker & McKenzie law firm. There he held the managing partner position from the year 1986 for five good years. In the year of ’91, Petrello joined Nabors industry as its chief operating officer. In the year that followed, he becomes the company’s president. From 2003 to 2012, Petrello becomes the deputy chairman of Nabors industries. In 2011, he was named the company’s chief executive officer. 2012 also saw him become the chairman of the board at the company.
Anthony Petrello’s total compensation as of FY 2015 amounts to $27,512,939. In it, $1,580,077 he receives as salary, $7,727,000 is bonus, a stock of $16, 863,656 and the remaining $1,342,206 as other compensations. He also serves as a director of Stewart & Stevenson LLC and that of Hilcorp Energy Company. Also, he is also a board member of Trustees of Texas Children’s Hospital.
Tony Petrello info: www.crunchbase.com/person/anthony-petrello#/entity