Mr. Anthony G. Petrello is the Chief Executive Officer of Nabors Industries Ltd. Nabors Industries was founded in 1968 and are based in Hamilton, Bermuda. Nabors is a geothermal drilling contractor that drills in the Middle East, far East, North and South America as well as Africa. They also provide support services to onshore and offshore oil drilling. Anthony Petrello graded with a Juris Doctor from Harvard Law School, a Bachelors degree from Yale University and a Masters degree from Yale University.
Tony has been employed with Nabors Exchangeco since 1991. Nabors Exchangeco is a Canada based holidng company of Nabors Industries Ltd. Mr. Petrello has held the title of President to Nabors Industries since 1991 and became the chief exectuive officer in October of 2011. Mr. Petrello has been the Chairman of the Board at Nabors Industries Ltd. since June 2012. Tony was a Deputy Chairman of Nabors Industries Ltd. from 2003 to June 2012. Prior to his employment with Nabors, Anthony Petrello worked for the law firm Baker & McKenzie fro 1979 to 1991. From 1986 to 1991 Tony was a Managing Partner of its New York Office. While working at Baker & McKenzie, Tony focused on general corporate law, taxation and international arbitration.In addition to his extensive professional background, Tony Petrello is a strong voice for the research and clinical programs that support the needs of children with neurological disorders. He is also a member of the Board of Trustees for the Texas Children’s Hospital.
While Tony Petrello is one of the top paid bosses in America, making $68.2 million last year alone, he is not always on top of that list. In 2014 the corporate governance and compensation practices of Nabors was changed. Nabors split the roles of chief executive officer and chairman. This split then limited the executive severance payment to three times an executive’s salary and bonus. By doing this shareholders were then allowed to elect someone who had at least five percent stake in the company to its board of directors. This was implemented to return some of the shareholders money. Original article.