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.

The Achievements Of Tony Petrello

In 1991 Tony Petrello was part of Nabors and became part of the board of directors and the executive chairman of the company. In 2011 he was announced as the chief operating officer as well as the president of Nabors.

After some time he became the CEO and president of Nabors Industries. Petrello is responsible for strategic planning. He achieved a J.D Degree from the Harvard Law School and B.S and M.S degree in mathematics from Yale University. Before joining Nabors he was part of Baker and McKenzie Law Firm. Tony Petrello acquired the post of being a managing associate at one of the firm’s branch in New York. He is part of the board members of trustees at Texas Children’s Hospital. On the other hand he used to be a director at Hilcorp Energy Company.

Nabors Industries has been mentioned to be among the top companies in the United States because of their great services. It is an organization that majors in delivering the best offshore drilling rigs. It has been noticed in supplying the largest land-based drilling equipment all over the universe. The company provides different services which include; presentation equipment, inventive technologies and directional drilling facilities. The staff members of the firm are devoted to making sure that they work hard in delivering good services. In 2015, Tony Petrello’s compensation statement read as follows; the whole sum was $27,512,939 million. His pay was $1,580,077, the stock amount added up to $16,863,656, his bonus money was $7,7272,000 and the balance added up to $1,342,206.