Anthony, Tony, Petrello is a highly successful and one of the best-paid CEOs in the world. He is in charge at Nabors Industries. He also serves as the President. Nabors Industries Ltd is involved in the design, construction, and maintenance of oil and gas wells. The group consists of numerous subsidiaries including Nabors Drilling, Nabors Offshore, Nabors International and Nabors Wells Services among many others. Tony Petrello is also the Chairman of the board.
Tony Petrello graduated from Harvard Law School with a law degree. He also holds a master’s degree in mathematics from Yale University. He had previously worked for the Baker & McKenzie law practice as a Managing Partner in charge of corporate law, taxation, and international arbitration. He got involved in the consultation to register Nabors Industries in Bermuda. This was a strategy to cut down the company’s tax budget.
The company currently operates from Houston, Texas but is incorporated in Hamilton, Bermuda. Tony Petrello has worked his way up to the top positions. He joined Nabors Industries in 1991 as the COO. He served as the Deputy Chairman from 2003. He was appointed CEO in 2011 and Chairman in 2012. He oversees strategic planning and provides executive guidance. His stellar leadership has enabled the company to grow in a dynamic and highly competitive industry. Click here to know more.
Nabors Industries started in 1968 as Anglo Energy. It went through significant restructuring after it was affected by the 1987 stock markets crash. This gave birth to Nabors Industries. The company services oil and gas wells. It also provides related support services. In 2006, Nabors Industries was reported to operate over six hundred rigs in the US, one hundred and ninety in Canada as well as more than seventy specialized rigs.
Tony Petrello is associated with Stewart & Stevenson as well as Hilcorp Energy as a Director. Additionally, he is also associated with Texas Children’s Hospital.