Anthony Petrello has been with Nabors Industries for over 25 years and has helped establish one of the world’s largest oil rig fleets both in land-based and offshore operations.
Petrello possesses some of the most acute knowledge in financial decision making, and as CEO and Chairman of Nabors he’s responsible for the strategic direction of the company. In addition to Nabors, Petrello has also worked on the boards of Hillcorp Energy and Stewart & Stevenson. He made the list in 2013 for one of the highest paid CEOs at $68 million a year, though there have been changes to his compensation and severance package in the following years.
As a young man, Tony Petrello seemed to be heading for a career that would employ the use of mathematics. He was brilliant at solving problems, something he did even in his spare time. He studied advanced mathematics at Yale University under the guidance of world famous mathematician Serge Lang and earned both a bachelor’s and a master’s in the field. But somewhere along the way he had a change of priorities and decided he wanted to go into corporate law. So he got a J.D from Harvard and took a position at Baker & McKenzie law firm. He became a managing partner at this firm about 8 years into his tenure there, and his expertise in tax and regulatory compliance attracted the attention of Nabors Industries CEO Eugene Iseberg. Petrello was offered a position at Nabors as Chief Operating Officer in 1991, a position he held until 2011 when he was made CEO of the company.
Anthony Petrello is also married to Cynthia Petrello and has a young daughter named Carena. Carena has Cerebral Palsy and has a lot of difficulty getting around. Anthony and Cynthia were unable to get treatment for her condition, but they are doing what they can to help researchers find answers for CP and other neurological disorders. The Petrellos made a gift of $7 million to the Dan and Jan Duncan Neurological Research Institute and are on the board of trustees at the Texas Children’s Hospital. They hope to bring more attention to the neurological needs of young children with their example of philanthropy.
For more details about Anthony Petrello, click here.