Anthony Petrello is the CEO, President and Chairman of Nabors Industries Ltd, a drilling contractor of oil and natural gas. Anthony joined the company in 1991 and has served at different levels. He is in charge of the strategic and general operations of the firm. Under his management and leadership, the company has grown massively and has become a world leader in oil, gas and geothermal industry. It operates in more than 20 countries globally. When he joined the firm, it was just recovering from bankruptcy and by 1992, a year after he joined, the company had recovered and its stock value had significantly increased.
Anthony joined Nabors Industries in 1991 as the president and Chief Operations Officer, a position he held until 2011. He rose to the position of CEO in October 2011 and was appointed as Chairman of the Executive Committee of the Board in June 2012. Before he joined Nabors Industries, Petrello worked at Baker & McKenzie law firm from 1979 to 1991 where he specialized in taxation, general corporate law and international arbitration. He was a Managing Partner at the firm’s New York office since 1986 until 1991 when he resigned. Anthony is also a director at Stewart & Stevenson LLC and of Hilcorp Energy Company. He holds Master’s and Bachelor’s degrees in Mathematics from Yale University as well as a J.D. degree from Harvard University.
Anthony Petrello is a generous man and he has donated to several charities and causes. He is a member of the Texas Children Hospital’s board of trustees. Anthony and his wife, Cynthia Petrello have an eight-year- old daughter , Carena Petrello who suffers from periventricular leukomalacia, a condition she was born with, which has led to developmental delay problems. Anthony has made large donations towards the research of the Jan and Dan Duncan Neurological Research Institute to help his daughter and those who suffer the same condition. He also serves as a board member at Periwinkle Foundation, a charitable organization that assists children and adults suffering from cancer.
Anthony Petrello is undoubtedly a brilliant manager and leader who has made a remarkable impact in all the companies he has worked at. Through his hard work, innovation and creativity, Nabors Industries Ltd has achieved a competitive edge in the industry. It is no wonder he is one of the best paid oil and gas CEOs in the US. In fiscal year 2015, Petrello’s calculated salary was $27,663,602.