Tony Petrello is one of the best known and most well established men in the oil drilling equipment industry. He has been making a strong and noticable mark on the industry since he began with Nabors Industries in 1991. He joined Nabors as a member of the Board of Directors and since then has become the company’s top leader, holding the positions of Chief Executive Officer (CEO), President and Chairman of the Board simultaneously.
Petrello’s annual compensation last year weighed in at over $15 million, with 1.5 million of that as salary, 1.4 million as part of his bonus structure and the remaining millions attributed to stock options he received from the company.
During his early tenure with Nabors Industries, Petrello served as President and CEO from 1991 to 2011 and also as Deputy Chairman since 2003. As if those titles are not enough, he furthers his dedication to Nabors by diligently working to provide strategic planning initiatives which “guide the ship” of neighbors for the future.
Tony Petrello has always been an incredibly driven man. His college roommate recently spoke with an online publication where he noted Tony Petrello’s drive and persistence with everything he did, both with his studies and otherwise. During his time at Yale, Petrello worked hard to excel at Mathematics and graduated wtih a Bachelors degree in Mathematics and then a Masters degree in Mathematics. From there, he attended Harvard Law School where he earned his JD. He went on to practice a very successful law career practicing overseas arbitration and tax law, even being named managing partner of his firm’s New York office at a very young age. When the opportunity to be a part of Nabors Industries arose, he made the decision to leave the law field to take on multiple leadership roles in the oil equipment and machinery industry.
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