Anthony Petrello is currently the Chairperson of the Board of Nabors Industries Inc and its subsidiaries, since 2012. He has been working for the company from 1991. Nabors Industries is a company that provides many support services for both offshore and onshore oil drilling and well-servicing operations.
Mr. Petrello has a J.D. degree from the Harvard Law School. He also attended Yale University where he obtained B.S. and M.S. degrees in Mathematics. He has been Nabors’ Deputy Chairperson from 2003-2012, the President and CEO of the company since 2011, and the President as well as Chief Operating Officer from 1991-2011. Mr. Petrello is also a Director of the Stewart & Stevenson LLC as well as Hilltop Energy Company.
Lloyd Grove stated that Tony was a public schooled scholarship boy from a working class family in Newark, New Jersey who turned out to be a math whiz. At age 18 and operating at a genius level, Anthony Petrello became the protégé of a world-renowned mathematician.
Tony’s daughter, Carena, was born prematurely and weighed hardly 20 ounces. Because of insufficient blood flow and oxygen to the brain, Carena developed periventricular leukomalacia (PVL) which further became cerebral palsy. To get more insight on their daughters’ condition and also bring awareness to others who are affected, the couple works with Texas Children’s Hospital, Jan, and Dan Duncan Neurological Research Institute. They donated $5 million as a lead donation, and they lead the fundraising efforts for this research initiative.
For the fiscal year 2015, Anthony G. Petrello made $27,512,939 in total compensation. Anthony Petrello didn’t top the list of best-paid bosses in 2014 due to changes made by the company in their compensation practices. The changes were designed to turn some money back to shareholders.