Tony Petrello: Transforming Nabors Industries

Anthony Petrello, is the president and the CEO of Nabors Industries Ltd. Nabors industries is a holding company of Nabors Exchangeco based in Canada. Petrello is a holder of J.D. degree from Harvard Law School and also B.S. and M.S. degrees in Mathematics from the Yale University.

Petrello is the Chairman of the Board at Nabors Industries Ltd, a position he has held since 2012. He also at one point served as the Deputy Chairman of Nabors Industries Ltd. He is as well the Director of Stewart & Stevenson and also a Director of Texas Children’s Hospital. Previously, he held a position as a director at Petrello once featured as one of the top best-paid bosses in 2012, thanks to the huge compensation he received as the CEO, after he saw the company’s share value rise by up to 180%. In 2015, he made $27,512,939 in total compensation including his salary and bonuses.

Founded in 1968, Nabors Industries owns and operates the world’s largest land-based drilling rig fleet and happens to be a leading provider of offshore drilling rigs in the US as well as other international markets. Nabors as well provides directional drilling services, performance tools as well as innovative technologies mostly in gas and oil industries.

Born at 24 weeks, weighing only 20 ounces, Carena, Anthony’s daughter was diagnosed with periventricular leukomalacia a neurological disease in premature infants. The condition is caused by lack of oxygen or blood flow to the brain. This resulted to development of cerebral palsy, as well as other development delay issues. Tony and his wife Cynthia Petrello found an opportunity at Texas Children’s Hospital where Carena was able to make progress. They decided to ensure that she and all children like her get the chance to reach their full potential. The couple makes donations to Texas Children’s Hospital to facilitate research on this disease.