How Antony Petrello Excelled in His 22 Years of Service at Nabors Industries

Antony Petrello is a business executive with more than 20 years of experience. Petrello attended Harvard Law School for a J.D degree. He also attended Yale University for a master’s degree in mathematics.

Career

Petrello served on the executive committee and directors’ board of Nabors in 1992. Petrello has severed several positions at Nabors. For instance, he headed the company as the president and COO for ten years. After his COO term ended in 2011, Anthony Petrello became CEO of the company. He joined Nabors’ executive committee board in 2012. As a member of the committee, he advises Nabors on strategic planning issues. As the CEO, Petrello adopts mechanisms that will enable the company to prosper.

Petrello worked with Baker & McKenzie law firm before joining Nabors. At the company, he focused on corporate law, international arbitration, and taxation. Petrello used his law expertise to enable the company to excel in international arbitration. He also worked as the managing partner of Baker & McKenzie’s New York branch. Anthony Petrello currently heads Hilcorp Energy Company and Stewart & Stevenson LLC as the director. Petrello was appointed as a member of Texas Children’s Hospital trustees’ board. The hospital advocates for clinical and research programs focusing on kids with nerve system disorders.

Nabors Industries

As the CEO of Nabors Industries, Anthony Petrello was awarded $60 million to cover his annual bonuses. Petrello will also receive other bonuses based on the company’s performance. Nabors Industries is an oil-drilling company that has been praised by oil investors for its pay practices. Petrello‚Äôs payment will comprise of the company stocks valued at $27 million and $18 million in cash. This information was released in the company’s securities filing for 2016. Petrello will also receive $15 million in restricted stocks for rewriting his employment contract.

Throughout his 22 years of service at Nabors, Petrello has led the company in several profitable initiatives. He succeeded Eugene Isenberg when he was appointed as the CEO in 2011. Both Petrello and Isenberg were guaranteed of bonuses as stated in their employment contracts. These bonuses are issued with respect to the cash flow of Nabors Industries. Petrello also signed a new employment contract that dictated how he would receive his bonuses. The contract entitles him to compensation in case of death or disabilities.

Read more: The Prince and The Pauper; My College Roommate became an Oligarch

Philanthropy

Antony Petrello and Cynthia Petrello donated $5 million to the Texas Children’s Hospital. The couple also led several fundraisers for the institution. This philanthropic move displays their commitment towards helping children with nervous system disorders. The funds will be used for conducting research and implementing clinical programs at the institution.

Personal Life

Petrello married Cynthia and has an 8-year-old girl called Carena who he loves so much. Besides work, he prefers spending time with his family. Petrello and his wife enjoy spending time with their lovely daughter. He is enthusiastic about life and leadership. Petrello urges upcoming leaders to be ambitious and dedicated. He also believes that discipline is one of the most important virtues of success.

Read more about Anthony and Cynthia Petrello at the Houston Chronicle
Connect with Anthony Petrello on LinkedIn

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