How Tony Petrello Rose To The Top Of The Oil Industry

As the top leader at Nabors Industries, Ltd., Tony Petrello is the man that sets the company’s corporate vision in the oil industry. The company he leads is the largest land-based drilling operator in the world. He is the Chief Executive Officer and President of Nabors Industries. Additionally, he is the company’s Chairman of the Board.

Tony Petrello started his career far from the oil industry, in New York City. He is a graduate of Yale University where he earned both his B.S. and M.S. in Mathematics. Rather than continuing in the field of math, he instead attended Harvard Law School and earned his law degree. In 1979 he joined Baker & McKenzie as an attorney specializing in taxation and corporate law. He was named as the Managing Partner of the legal firm in 1986. It was in 1991 that he left Baker & McKenzie in order to move to Houston, Texas and joined of Nabor Industries.

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Due to his astounding success at running Nabors Industries, Tony Petrello earned $68.2 million in 2013. This placed him firmly in the list of the top 50 paid CEO’s in the United States. In 2014 the company changed its compensation system as well as its form of corporate governance. Due to this, his pay dropped to about $27.7 million a year as of 2015.

Other leadership positions Petrello holds is Director of Stewart & Stevenson, LLC, another oil company. Tony Petrello is also the Director of the Board for Texas Children’s Hospital, Inc.

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