Tag Archives: chief operating officer

Tony Petrello: Chairman of Nabors

Tony Petrello is the CEO of Nabors Industries Ltd, and is one of the highest paid CEOs in the United States. The chairman earns $15,372, 429 in 2016 because of both salary and stock options, as his company is active in the oil and gas industry. He graduated Harvard law school in 1979, when he joined the firm Baker and McKenzie, until 1991, as the Managing Partner of the firms’ New York office. This firm had a client, Nabors Industries, who extended a job offer to Tony Petrello, where he became president and chief operating officer. By 2003, he had become the Deputy Chairman of Nabors Industries, becoming CEO in 2011, headquartered in Bermuda and Houston, Texas.

Founded in 1952, Nabors Industries has a discovery well in Prudhoe Bay Field as well as having acquired a number of large drilling operations under their name. Nabors gives automated drilling equipment, advanced downhole tools, drilling software and other technologies used in an oil field. Drilling software enhances the drilling operation. During Hurricane Harvey, Petrello offered his employees paid time off to go help out. He also matched relief donations with what his employees donated. $ 3 million in education scholarships have been donated to the children of Nabors employees as well.

Petrello also has a B.S. degree and M.S. degree from Yale University, in addition to his law degree. Petrello donates to cerebral palsy organizations because he found that there were gaps in the research being conducted on the condition in the present. He helped to fund the Neurological Research Institute to alleviate this gap. Also, he started an endowment of $150,000 awarded as an annual prize at Yale University, commemorating his mentor at Yale, Serge Lang who taught him mathematics before passing away in 2016. The prize is for excellent students who have studied mathematics.

Petrello is truly the highest paid CEO in the United States. Petrello is one man who criticizes Wall Street’s greedy tactics, while he is refreshing to those who serve him, having a moral code based on respect and fairness. He is the sort of CEO that has helped create thousands of jobs in the United States. Originally from Newark, New Jersey, he comes from a place where lying is shunned and hard work is the norm. There are no shortcuts to success for Petrello, who manages to donate money to many charities each year.

Read More: www.nabors.com/about-nabors/leadership-team