Tony Petrello; The Man Behind the Success of Nabors Industries

Anthony Petrello is the CEO of Nabors Industries. This is a drilling contractor that was founded in the US. He was appointed the chairman of the board in 2012. Antony studied at Yale University and graduated with a Bachelor’s degree and a Master’s degree in Mathematics. He earned his Juris Doctor at Harvard Law School. Petrello started his career as an attorney at Baker & McKenzie. Anthony rose to become the Managing Partner of the New York Office of the firm after a few years.

Anthony Petrello and his wife made a donation to the Jan and Dan Duncan Neurological Hospital. They made a commitment of $7 million. They have given five million dollars so far. Their daughter known as Carena was born with a neurological disease that restricts blood flow to the brain. This led her to develop cerebral palsy that hindered her brain development. Petrello said that they searched for research institutions around the world that could help their daughter. He found out that many centers do brain research for adults, but there were very few that did this for children. They discovered that the Texas General Hospital had plans on this front. That is why they decided to support the research.

The couple has been blessed by the work that the hospital is doing. They get to watch their child eat by herself each morning. This is a task that was very hard for her. Anthony is a director at the Texas Children’s Hospital. He is a member of the board of trustees. Tony was appointed the Director of Stewart & Stevenson, LLC in 2011. Petrello was the highest-paid CEO in America in 2013. He received a salary of $68 million that year. This was an uptick of 200% from the previous year. The stock price was more than doubled when he was named the CEO of the company.Petrello’s compensation rose along with the performance of the enterprise, and this boosted his salary. Shareholders felt that this was too much. They voted to change the compensation practices of the enterprise. The returns would be reinvested into the company and distributed to shareholders. Learn more.