Anthony Petrello is the Chief Executive Officer and President of Nabor Industries. However, despite being very successful in corporate America, Petrello is not a familiar figure to most Americans, probably due to his quiet, humble nature.
Petrello’s leadership has contributed a great deal to the growth and success of Nabor Industries, making it among the top oil and natural gas industry. In 2014, he was one among the highest paid CEO in America, earning a cumulative salary of $68.2 million during his service in Nabor.
Tony Petrello’s Work History
Mr. Petrello was born in Newark, New Jersey, in a working-class family. He received a public school scholarship which saw him attend Yale University, where he graduated with a BS and MS degrees in mathematics. Immediately after, Petrello went to Harvard Law School graduate with a degree in law.
Petrello started his career in 1979 at Baker & McKenzie law firm. He was made the Managing Partner of the New York office of the form in 1986 until 1991. Petrello joined Nabor Industries in 1991 as the Chief Operating Officer, and 1992 he was made the company’s president. He became the company’s deputy president in 2003 until 2012. Petrello has been Nabor Industries’ CEO since 2011 and the company’s Chairman of the Board since 2012. Petrello is also the Director of Stewart & Stevenson, LLC, a position he acquired in 2011 and at the same time he serves as the Director of both Hilcorp Energy Company, and Texas Children’s Hospital. Previously, Petrello also served in MediaOnDemand.com as the Director.
Petrello’s Philanthropic Efforts.
Petrello is also a philanthropist who has made many donations to charity. For years, he has been making donations to Texas Children’s Hospital, in Houston. Initially, Petrello made a $5 million donation, the money that enabled the hospital to establish a Neurological Research Institute. After that, he and his wife have given an additional $2 million, an amount that has enabled the facility to provide top-notch treatment to children, from leading surgeons and doctors, in the fight of children’s neurological disorders.
This act was prompted by his daughter Cerena, who was born with Cerebral Palsy. Her condition raised many questions to the family as they sort for the cure of their daughter’s condition. As Petrello researched on the condition, he realized that there was very little being done on such conditions in children.
Petrello also demonstrated his philanthropy after Hurricane Harvey hit Texas. Petrello sent out Nabor Industries employees on a relief mission. To appreciate them for their efforts, the company gave them a paid time off. Petrello and the company employees also made a donation of $173,622 for the same.
Early this year Tony hosted a Broadway celebrity, Tommy Tune on his visit to his hometown, Houston.