The Personal And Professional Life Of Nabors Industries CEO, Anthony G. Petrello

The world’s largest natural gas and geothermal contractor, Nabors Industries is headed by Anthony “Tony” G. Petrello. Petrello is the CEO, Chairman, and President of the international company which has locations in Asia, Africa, and the United States. Its head office is currently located in Hamilton, Bermuda Tony joined the company in 1991 as a Chief Operating Officer (COO).

Within a year he had become the president of the multinational, then Deputy Chair in 2003 and a decade later he was both the CEO and Chairman of Nabors Industries. Currently, he is also the Director of Texas Children’s Hospital and Stewart & Stevenson, LLC. Anthony Petrello has held other executive positions in other firms and organizations before joining Nabors Industries.

An alumnus from both Harvard and Yale, Tony earned his doctoral degree in Law from Harvard Law School and his B.S and Masters of Science in Mathematics from Yale. Anthony G. Petrello is among the highest paid CEOs in the United States. For instance, in 2015 he took home $27,512,939 which is a total of salary, bonuses, stocks, and compensation. Born and raised in Newark, New Jersey, Tony comes from a humble beginning. He was raised like any middle class American and worked hard to join University through the government scholarship.

Personal Life and Family
Immediately after college, he married his sweetheart Cynthia, and they were blessed with a baby girl. Unfortunately the child, Carena was born prematurely at only six months which led to having Periventricular leukomalacia (PVL) a disorder that limits oxygen from reaching the child’s brain. Carena developed cerebral palsy after some time, and this was excruciating to the parents who were not prepared to handle such challenges. They, however, rose above their fears and embarked on a journey to find a cure for their child. Anthony and Cynthia Petrello donate funds to Jan and Dan Duncan Neurological Research Institute in Texas Children’s Hospital. It was his donation of $50 million that helped open Jan and Dan Duncan Research Institute. The physicians at the hospital and researchers at the Institute work together with the family to help find a cure for Carena and other children affected by the condition.

Philanthropy Work
Unlike most CEOs, Anthony Petrello’s 80% salary is based on how well the company is doing. The more revenue he brings to the company, the more he earns. Under his leadership, it has been reported that Nabors industries has made very high returns. One of the company’s achievements was when it acquired Superior Well Services in 2010 together with its technology. In 2016 formed a joint venture with Saudi Aramco which is the most prominent oil enterprise in the world. As a way to remember his mentor Serge Lang, Anthony Petrello came up with a scholarship program that awards exceptional mathematics students at Yale.

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