Tony Petrello began serving as the Chief Executive Officer of Nabors Industries Limited on October 28th, 2011. Before his new role, he was the serving as the company’s president from 1991. In addition, he was also serving as the organization’s Chief Operating Officer from 1991 to 2011. Between 1986 and 199, Mr. Tony Petrello worked for Baker & McKenzie as a managing partner in their office suited in New York. Tony Petrello also served as the chairman of the board of trustee of Nabors industries as from June 2012. He also acted as the Nabors Industries Limited deputy chairman between 2003 and 2012. From 2011, Tony Petrello served as the managing director of Stewart and Stevenson. We forget to mention that he also served as the managing director at MediaOnDemand.co. Currently, Mr. Petrello sits on the board of directors at the Texas Children’s Hospital.
All these major roles and senior positions he has served so far show that he is a person of high value and possess great potential to the growth and transformation of the organization. Tony Petrello graduated from the Harvard University with a degree in law. Because of his passion for education, he went ahead to enroll at the Yale University where he obtained a master’s degree in mathematics. His professional journey started in 1979. Immediately after graduating from the university, he started working at Baker & McKenzie, a recognized law firm where he able to get experience in legal matters as much as he could do. His overall compensation for the financial year 2015 was more than $27,512,939. From his calculated compensation in the financial year 2015, he earned total bonus of $7,727,000, $16,863,656 as stock and $1,580,077 as salary.
Nabors Industries Limited owns and operates land-based drilling equipment fleet. In addition, the company offers offshore drilling rigs in numerous nations around the globe. Under Tony Petrello leadership, the company has become the world leader in providing innovative technologies, directional drilling services, and performance tools to the largest oil and gas markets worldwide. Mr. Petrello pioneered the changes in Nabors Industries Limited from corporate governance policies to compensation policies. Some of the major changes that he was able to implement include; dividing the role of chairman of the organization and Chief Executive Officer, independence of shareholders to choose individuals with at least five percent shares in the company to sit on the board of trustees, and lowering executive compensation payments to less than three times the salary and executive bonus.