In 1991, Anthony Petrello was elected as the Executive member of the board of directors of Nabors. He served as the President and the Chief Operating Officer since 1991 to the October of 2011. Since 2003, he was the deputy chairman.From October 2011 he served as President and Chief Executive Officer in addition to serving as the Chairman to the Board in addition to being the chairperson of the Executive Committee of the Board from June of 2012.
Besides his operational functions, Tony Petrello gives strategic program initiatives and way forward hence enabling the organization to conform and grow in the ever-changing environment.
Before he joined Nabors, Mr. Petrello had a law firm Baker & McKenzie from 1979 to the year 1991. His company concentrated on international arbitration, taxing and corporate law as a whole. He was the managing partner at the firm’s New York offices from 1986 to 1991 when he resigned.
Besides being a holder of a degree from the Harvard law school, Mr. Petrello also has a B.S and M.S in Math’s from the University of Yale.
He is the director at Stewart & Stevenson LLC of Hilcorp Energy Company. Petrello is also an advocate for research and clinical plans that deals with the needs of children that suffer from neurological disorders that is on top of being a member of the Board of Trustees at the kids’ hospital in Texas.
Mr. Petrello was in 2013 ranked as the best CEO. In April of 2014, compensation practices at Nabors and cooperate governance were changed. Splitting the functions of a CEO and the Chairman, the executive payment was limited to 3 times to his salary and bonuses were among the changes that were made. All these steps were meant to extinguish the flames over Petrello’s pay and eventually take back part of this money to the shareholders.