Anthony “Tony” Petrello has had a star-shining career at Nabors Industries, Inc. When he joined the company in 1991 from Baker &McKenzie LLP, not many would have expected him to prosper in a field he had little experience in then. Despite being a lawyer by profession, Tony took up the COO role and fitted perfectly in it. He was later appointed as the company’s President and excelled in the role as well. In 2003, a dozen years after joining the company, Tony was promoted to become Nabors’ deputy chairman, CEO, and president. As he continued to impress in his roles, he was promoted to assume the chairmanship of the company in 2012. Since then till now, he holds the positions of chairman, CEO, and president. Tony is also a board member of Hilcorp Energy Co.
Anthony’s Early Career
Before joining Nabors Industries, Tony was practicing law in Massachusetts under Baker &McKenzie LLP. He was one of the managing partners of the law firm that he had joined in 1976. Before that, Tony had spent three years working as a consultant to the Attorney General of the State of Massachusetts. Tony qualified as a lawyer in 1979 after graduating with a JD from the high-status Harvard University. Besides law, Tony is a mathematician and holds a master’s degree in the discipline from Yale University. His twitter account : https://twitter.com/tony_petrello
Anthony Petrello was among the highest paid business executives in the United States for the year 2015, especially because he triples up as board chairman, CEO, and president. His total compensation for the year was in excess of $15.2 million. The breakdown of this figure from proxy statements showed that $1.575 million was received as salary while bonuses accounted for $1.5 million. Even though he received no compensation in stock options, he got $10.8 million as stock. Other unspecified compensations accounted for the remainder, which was in the region of $10.8 million.
Lloyd Groove- Tony’s Friend
Lloyd Grove was Tony’s teenage friend with whom he had shared a room at the university. The two were mathematics students at Yale University. According to Lloyd, Tony was a math genius who always made Prof. Lang proud. Lloyd describes Tony as a fun-loving young man whose accent was more of Italian.