Why Anthony Petrello Is An Important Figure In The Houston Area

When it comes to both domestic and foreign oil drilling, Nabors Industries based in Houston, TX is invested in the technology to speed the process up greatly. Leading this endeavor is CEO and Chairman Anthony Petrello. Petrello has been running the company since 2011 when he took over for Eugene Isenberg, and his job includes creating strategies and options for technology initiatives. His compensation has been well documented at $1.5 million on base pay, and a lot of money invested in equity and stocks that valued his total compensation at $27 million in 2015.

Anthony Petrello doesn’t have a lot written on his background growing up, but one of his Yale University roommates Lloyd Grove who contributes to the Daily Beast mentioned how he loved arithmetic growing up. Petrello was so gifted at solving problems that he was beloved by his world-renowned mathematics professor Serge Lange. Mr. Petrello received high honors at Yale completing both a bachelor’s and master’s degree in the field, but instead of becoming a mathematician he became a lawyer for Baker & McKenzie law firm for 13 years. He was hired by Nabors Industries for his expertise in corporate law.

In addition to his job at Nabors, Petrello is also a philanthropist whose main goal is to raise awareness for neurological research. His daughter Carena has battled periventricular leukomalacia (PVL) since she was born, and this has driven petrello to support the Dan and Jan Duncan Neurological Research Institute at the Texas Children’s Hospital. While no cures for PVL exist at this time, Petrello is hopeful that his $7 million gift will start a major fundraising commitment in the Houston business community.

How the OSI Group Managed to Become A Multinational

If you could mention big company names in the global food industry, one company that shall feature prominently is the Aurora-based enterprise OSI Group, LLC. This firm is a household name as far as meat processing and distribution is concerned. Working with big retail chains such as Subway, Starbucks, and McDonald’s the company has carved a name for itself in the food sector.

OSI Group began its operations close to 40 years ago as a supplier of meat products to McDonald’s in the Midwest. Over time the company has experienced phenomenal growth that has enabled it to set shop in multiple foreign destinations across the globe. The company’s core products include breakfast sausages, ready-to-eat beef, chicken and pork, ham, bacon, and pizza.

The company was founded by billionaire Sheldon Lavin who is the Group’s Chairman and Chief Executive Officer. The firm employs over 20,000 individuals and operates in 17 countries across the globe.

Recently, the company has been on an acquisition spree that is aimed at strengthening the presence of the company in foreign markets such as Europe and Asia. Some of the notable acquisitions include the purchase of Baho Foods, a European food processing company with operations in Germany and the Netherlands and Flagship Europe, an equally acclaimed food processing enterprise that is based in Europe.

According to the second-in-command at OSI, President, and COO David McDonald, OSI Group has been able to record exceptional growth in the US and foreign markets because of its entrenched corporate culture and the fact that it takes into consideration the taste preference and cultural diversity of the communities in which the enterprise runs its operations. Click here to know more.

OSI Group provides outstanding food solutions to retailers. The company holds one of the most coveted awards, the Globe of Honor Award by the British Safety Council.