Anthony G. Petrello, also widely known as Tony Petrello, is the Board Chair, President and Chief Executive Officer of Nabor Industries Ltd. The company, which started as Anglo Energy Ltd. back in 1968, is the world’s biggest land-based geothermal and natural gas mining contractor. The industry has its operations mainly centered in the United States, Middle East, Far East, and Africa. It also dispenses drilling facilities, performance tools, and advanced technologies all over the world’s most important oil and gas markets.
Tony attended the Harvard and Yale Universities where he acquired J.D and BS degrees respectively. He also graduated from the Yale University with an MS degree in Mathematics. In 1979, Petrello kick-started his professional career by joining the law firm, Baker & Mackenzie. Between 1986 and 1991, Tony held the Managing Partner portfolio of the company’s New York office where he focused on international arbitration, tax policies, and corporate law.After joining Nabor Industries as a Chief Operating Officer in 1991, Tony was elevated to the company’s presidency a year later. In 2003, he was appointed the deputy chair of the industry, a position he held until 2012. In 2011, Tony was appointed the CEO of the company and a year later, was made the board chairman of Nabor Industries. Tony Petrello is credited with steering the significant development of the industry.
As Chairman of the Board, Petrello raked in $15,202,689 in total calculated compensation in the 2016 fiscal year. Of the total amount, he received $1,575,000 as his salary, $1,492,982 as bonus plus non-equity incentive compensation, $10,808,769 as stock, and $1,325,939 as other forms of compensation.Petrello also doubles as the director both of Hilcorp Energy Company and Stewart & Stevenson LLC, having been the director of the latter since 2011. Besides, he is an active member of the Board of Trustees of Texas Children’s Hospital. Petrello is also a renowned advocate for research and clinical programs aimed at confronting the problems with children suffering from neurological disorders.
Source of the article : https://www.wsj.com/articles/SB10001424127887324392804578358772612205556