Commonly referred to as Tony, Anthony Petrello is known to many as the CEO of Nabors Industries LTD. Most people don’t know that Anthony Petrello is a JD degree holder from Harvard and also holds B.S and M.S degrees from the famous Yale University. He has also been the president of Nabors Industries since 1991. His journey to being at the top of the list of the highest paid people began way back when he was still young. The 62-year-old man previously worked as a managing partner at a law firm known as Baker & Mackenzie from 1979 to 1986. He is excellent at what he does, which is evident in his success at Nabors, the world’s leading land based gas and oil drilling contractor. The company, which is in Bermuda, Hamilton was established in 1968. It did well until the 1980s when it started running into losses.
Nabors Industries was previously known as Anglo energy and was declared bankrupt in 1984 due to increased losses. In the early 1990s, it began to show signs of strength again and the profits increased tenfold when Anthony took over in late 1991. It fully recovered in 1995 under his leadership and its share price rose. The end of the 1990’s saw the Nabors Industries being added among the S&P 500 index businesses in the US. Its stock moved from AMEX to NYSE. That goes a long way in showing how impressive Anthony Petrello’s skills in strategic planning and directing are. Tony is also a director at Stevenson LLC and has maintained the position since February 2011.
Anthony has impacted positively on the growth of Nabors Industries over the last six years. The company has been thriving despite the competition levels in the industry, thanks to the excellent leadership of Petrello. His long-term strategic visions have contributed to the company’s success over the years. He has also been a director at MediaonDemand.com. Besides, Anthony serves as a director at Stewart & Stevenson since February 2011. He is also a director of Hilcorp Energy Company.
Petrello’s personal life
Petrello is also a family man. He is husband to Cynthia Petrello and a father to Carena. Their daughter has a condition known as Cerebral Palsy, which has slowed down her development. That is what pushed Anthony Petrello and his wife to join hands with the Texas Children’s hospital. They are trustees with the facility where they help by funding brain research for such children. For instance, in 2006, he donated $5 million to a neurological research. Anthony does this to assist the hospital to come up with a solution that will help kids like Carena attain their full capabilities. He uses his business acumen to raise millions of dollars for charitable donations.
For more info click: here.