Mr. Anthony G. Petrello has held top leadership positions at Nabors Industries Ltd. since 1991 when he rose to the company’s presidency. After doing a commendable job in that position for two decades, he was made CEO on October 28, 2011. Tony holds those two posts until today. Petrello has in the past also served as the company’s COO, dropping the role in 2011, as well as the company’s deputy chairman for nine years from 2003 to 2012. From 2012 till now, he is the board chairman of the company. By the virtue of having served in all these positions in one company, Tony has proved to the world that he is efficient in his work and above all, talented and dedicated in leadership.
Before joining the oil and gas drilling sector in 1991, Anthony Petrello was practicing law at Baker & McKenzie law firm which is based in New York. Even with a law degree from Harvard Law School, he only practiced in the profession for a couple of years before calling it quits. He also boasts of a bachelor’s and a master’s degree in mathematics- both from Yale University- a career he never pursued beyond the university. He, however, has been using his knowledge of mathematics and law to manage Nabors.
Among the best-paid business executives in the world, Tony Petrello ranks top. His total calculated compensations are estimated to be more than 15 million dollars. Broken down, his total annual cash compensation, total short-term compensation, other long-term compensation amounts to $4,393,920, $1,575,000, and $12,134,707 respectively. His basic, on the other hand, is calculated to be more than $1.5 million per year. The 62-year old spends a good percentage of this money in helping the less privileged in the society as well as in supporting various community empowerment organizations.
Supporting Texas Children’s Hospital
Texas Children’s Hospital in Houston, Texas is one of the beneficiaries of Tony Petrello’s philanthropic giving. The institution that specializes in researching and finding solutions to neurological problems in children became of interest to Tony and his wife Cynthia after their daughter, Cerena was diagnosed with periventricular leukomalacia. The couple made a vow to be investing in helping the institution grow so that no future kid will have to go through what their daughter has been going through since 1997. In 2007, for example, Tony and Cynthia donated $7 million. The couple also partners with Jan and Dan Duncan to fund the establishment of Jan and Dan Duncan Neurological Research Institute.