Anthony Petrello is the longest serving CEO and executive committee and board chair of Nabors Industries Ltd. Petrello is regarded as one of the important driving forces behind the company’s success. On the other hand, Nabors Industries specializes in natural gas drilling and geothermal exploration services. The company commenced its operations in 1968 as Anglo Energy Ltd. Today, Nabors has offices in East Africa, Middle East, and the U.S.
Petrello’s Academic Background
For an executive like Petrello, success in running one of the largest drilling companies in the world relies on knowledge and experience. Anthony Petrello is an alumnus of both Yale and Harvard universities. At Harvard Law, he earned a Juris Doctor degree in law. He also earned bachelor’s and master’s of science in mathematics degrees from Yale University.
After school, Petrello’s professional journey in the law field began when Baker & McKenzie appointed him as managing partner. He was in charge of the firm’s New York-based subsidiary from 1986 to 1991.
Nabors Industries Ltd
Petrello’s career progressed after his appointment as the COO of Nabors Industries back in 1991. Due to his excellence in the operations department of the company, he was promoted to president in 1992. He got the chance to serve in Nabors’ board of directors as deputy chair in 2003. Petrello was promoted to CEO nine years after his appointment as vice chair. In 2012, he was promoted to board chair, a position he still holds today.
Other Executive Roles
Besides his association with Nabors Industries, Petrello serves as a director for other companies like Stewart & Stevenson, Hilcorp Energy Company, and Texas Children’s Hospital. He previously served in the same position when working for MediaOnDemand.com. Petrello has membership in the trustees’ board of Texas Children’s Hospital. He is also known for his advocacy for medical programs aimed at treating kids with neurological problems.In 2015, Petrello’s total calculated compensation amounted to $27,512,939. He earned a salary of $1,580,777 from the amount. He also got a bonus of $7,727,000. $16,863,656 was used to purchase stocks while $1,342,206 was spent on different types of compensation.