Tony Petrello gained some internet notoriety recently when his annual compensation topped the charts of the nation’s best-paid CEOs. He should also be recognized for his successful leadership of Nabors Industries, Ltd. Nabors is an oil and gas firm that also does well servicing. Founded in 1968 as Anglo Energy, Nabors is now based in Bermuda and one of the world’s top leaders in its industry. Nabors also works with firms that conduct off-shore drilling and assists in their various operations and also supplies offshore rigs and drilling platforms.
Coming from humble beginnings, Tony Petrello left New Jersey to attend Yale University and then received his law degree from Harvard. He is remembered as a very hard worker and many of his peers referred to him as a mathematical genius. It was at Yale that Petrello pursued both Bachelor’s and Master’s degrees in Mathematics and many were surprised when he did not follow that path on to academia and learn more about Petrello.
Following law school, Petrello moved to New York City where he joined the law firm of Baker & McKenzie. It was from his position there as a Managing Partner that he resigned in order to join with the precursor of Nabors Industries. Petrello joined Nabors in 1991 as Chief Operating Officer. He became the Chairman of the Board of Nabors Industries in June of 2012. It is highly atypical in today’s corporate environment to have an executive, especially one that is at the helm of the enterprise, to serve for such a lengthy period of time and Tony’s lacrosse camp.
Petrello has certainly enjoyed an effective and successful career at Nabors and he is expected to continue to have additional positive outcomes as he continues his duties there. Nabors is also a story of great longevity in an industry well known for its boom and bust performance cycles. The many ups and downs of the past decades have certainly had an effect on the firm’s performance, although it must be said that the company has weathered the storms quite well. Nabors and Petrello are definitely a winning combination worth knowing about and learning more about the continued success and more information click here.