In 2013, Anthony ‘Tony’ Petrello occupied the enviable position of being the highest paid company executive. He grossed over $15 million in annual payout. While the shareholders of Nabors Industries Ltd. cut the compensation, the colossal amount of money he is being paid for serving as the chairman of the board of directors, chief executive officer and president of the company is indicative of his profile as a company executive. Since joining the company in 1991 and becoming chief executive officer and president in 2011, he has guided the company to unbridled success. Nabors Industries Ltd. has seen its shares price rise by up to 180%. The company’s profit margins have increased exponentially including a 246% increase in 2012. Mr. Petrello excellent track record at the company is founded on extensive experience within and outside the company and solid academic background.
Two Decades of Serving Nabors and Board Memberships
In 1991, Anthony Petrello joined Nabors Industries Ltd. as the chief operating officer. This was followed by his appointment to join the company’s board of directors in the same year. He still holds his membership on the board but in a higher position as its chairman following his appointment in 2012. The Hamilton, Bermuda-based company appointed him to serve as the president of the company in 1992. His meteoric rise through the ranks of the company continued with the position of deputy chairman of the board of directors, which he was appointed to in 2003 and held up to 2012. His excellent record and loyalty saw him appointed to serve as the chief executive officer in 2012. In addition to his current duties and responsibilities at Nabors Industries Ltd, Tony Petrello also serves on the board of directors at Stewart & Stevenson, LLC following his appointment in 2011. He also serves as the director of Texas Children’s Hospital and Hilcorp Energy Company.
Anthony Petrello is an alumnus of some of the best learning institutions in the United States and the world at large. He studied for both his Bachelor of Science and Master’s of Science degrees in Mathematics at the prestigious Yale University. He furthered his education with a Juris Doctor degree from Harvard Law School. Learn more.