The ranked among the best-paid CEO’s is the United States. He is the Chairman, President and the CEO of an oil giant, Nabors Industries. The company focuses on offshore and onshore oil drilling and is considered the world’s largest geothermal and natural drilling contractor. It is based in Hamilton and operates mostly in United States, Middle East, Africa, and the Far East. Since Petrello joined the company in1991, he has played asignificant role in the transformation of Nabors into a global giant.
The exceptional CEO is a graduate of Harvard University and Yale University. He received a J.D degree from Harvard School of Law. From Yale University, Petrello graduated with a B.S and M.S in Mathematics. After graduating, Petrello got a job with Baker & McKenzie Law Firm. A few years later, he became a Managing Partner of the Firm New York offices. He served at Baker & McKenzie for five years and then left for Nabors.
In the summer of 1991, Petrello joined team at Nabors Industries and became the Chief Operating Officer. He was then appointed the President in 1992. From 2003 to 2011, Petrello was the Deputy Chairman of the company and was appointed the CEO in 2012. Under his leaderships, the company’s share price increased at a rate of about 180%.
Petrello introduced new approaches and business models that saw the oil giant penetrate more regions. Today, Nabors has over 500 active rigs in 25 countries. Apart from Nabors Industries, Petrello also severs as the Director of Stewart & Stevenson. He is a Director of MediaonDeamand and a passionate member of the Board in charge of Texas Children’s Hospital. As the CEO, Petrello’s total compensation quite attractive. He has been receiving $1,580,077 as salary and approximately $7,727,000 as a bonus.
Petrello engages in philanthropic activities together with his wife, Cynthia. To date, the two have made a $5 million donation to charitable organizations. The couple has a daughter called Carena who suffers from a neurological disease called periventricular leukomalacia. Since Carena was diagnosed with the disorder, the couple has been making generous donations to organizations and programs that address the needs of children with neurological diseases.
About Anthony Petrello Social Media: twitter.com/tony_petrello