Mr. Anthony G. Petrello, commonly referred to as Tony, is the CEO of Nabors Industries Ltd. The company is a holding firm to Canadian Nabors Exchangeco since October 28, 2011. Mr. Anthony Petrello has served as the Chief Operating Officer of Nabors Industries Limited since 1991. Before Mr. Anthony G.Petrello joined Nabors Industries in 1979, he was working for a law firm known as Baker & McKenzie where his expertise focused on taxation, corporate law, and international arbitration. While at the Law Firm, he served as the Managing Director of the company in New York owned branch from 1986 until he handed over his resignation in 1991. Anthony Petrello holds a master’s and bachelor’s degrees in mathematics from Yale University and a Juris Doctor degree from Harvard Law School.
Who stepped down before Tony Petrello became CEO of Nabors Industries
Nabors Industries Limited CEO Mr. Eugene Isenberg stepped down after a stint of more than two decades. President Anthony Petrello took over as the chief executive officer immediately, and he was additional duties like overseeing the running of the international oil and gas drilling firms on Salary.com. Mr. Isenberg, who is 81 years old, uprooted the company from potential bankruptcy which they almost experienced in 1987 and that is why he still continues to lead the Nabors’ board of directors as the chairman. During his stint at the company, Nabors became one of the world’s biggest onshore drilling rigs contractors.
Petrello, who is 57 years old began serving as the deputy chairman of Nabor when Isenberg resigned. He has also held the post of Chief Operating Officer at the company for almost two decades. In addition to Petrello’s operating functions, he offers strategic planning initiatives which enable the company to prosper in the current competitive market. Reference: http://www.nri.texaschildrens.org/give_gift/leaders_giving/cynthia_tony_petrello.aspx
From June 2012, Mr. Anthony Petrello became the Chairman of the Board of Directors at Nabors Industries Ltd. This company holds and operates the globe’s biggest land-based fleet of drilling rigs. They boast of being the leading provider of offshore drilling rigs in many international markets on Bloomberg as well as the United States.Mr. Isenberg and Petrello often rank among the top Houston’s paid executives. Mr. Isenberg has attained the spot three times in a row from the beginning of 2006. In 2015, he got the position of the10th highest compensated executive with a score of $13.5 million pay package.
Mr. Anthony Petrello, on the other hand, pulled in $9 million and attained position 28. The headquarters of Nabors’ Industries is in Bermuda, but the executive team resides in Houston, Texas. Mr. Petrello and his wife Cynthia live an active life in Houston’s community.
Positive news about Nabors Industries
Nabors’ drilling rigs have recorded zero safety incidents across their entire workforce. In 2011, one of their drilling rigs known as Phil Tuckwell received the HERO Award for making sure that its workers on Rig C0045 were safe during a small spill which had occurred. The HERO AWARD is given by the Shell Group of Companies to workers who are first-hand witnesses of unsafe acts and try to control them so as to avoid potential injuries.