Anthony Petrello, better known as just Tony Petrello is often mischaracterized because he has a lot of influence as CEO of one of the world’s largest oil drilling companies. He’s been with Nabors Industries based in Houston for over 20 years and has been in charge of one of the world’s largest fleet of rigs and offshore modular equipment during this time. At one time his salary reached over $60 million for yearly compensation, making him a higher paid CEO than anyone on Wall Street, but this is really not what Petrello should be remembered for.
Tony Petrello is proud to support the work in neurological research at the Texas Children’s Hospital in Houston conducted through the Dan and Jan Duncan Institute at that hospital. Petrello got involved here because his daughter Carena is a victim of periventricular leukomalacia and has had daily struggles that Tony and his wife Cynthia have worked to help her get through. He’s wanted to help future children who might be born with this disease have a chance for a cure, and as friends of Dan and Jan Duncan he’s donated $7 million to their research institute and has encouraged others to do the same.
More recently, Tony Petrello gave over $100,000 to help out with Hurricane Harvey victims this last fall. This hurricane, one of the deadliest in history brought a lot of people together in effort to help the people of Houston and the rest of the Texas coast recover from the damages, and after the hurricane hit Nabors Industries allowed and encouraged employees to help out with the relief. Petrello promised to compensate every employee who helped with the cleanup and providing services such as hot meals, and the $173,000 he donated matched a fundraiser that the company had done during that time. Petrello is not originally from Texas, but he’s been proud to call it home.
Tony Petrello came from New Jersey and was considering a career as a math professor after getting both his bachelor’s and master’s in the field at Yale. He decided instead to go into law and completed his J.D. in 1978. He specialized in financial law in areas such as regulations and tax compliance while serving at Baker & McKenzie where he later became partner. He stayed there until 1991 when Nabors Industries who had been a client at the firm offered him the position of Chief Operating Officer. Petrello became CEO in 2011 when former Nabors CEO Eugene Izenberg passed away.
To know more visit @: www.nabors.com/about-nabors/leadership-team