Tony Petrello is the President and CEO of Nabors Industries Ltd. As the CEO, Anthony Petrello helps the company navigate the dynamic competitive world that is the American oil industry. He provides direction towards the prosperity and adaptation of the firm through his strategic planning initiative on top of his operating functions as the president.
Since June 2012, Mr. Petrello has been at the helm of the company’s executive committee as well as its board of directors. He was elected to the company’s executive committee of the board in early 90s. He has also been the company’s chief operating officer and president for a decade.
Anthony Petrello’s Education and a Law Career
Before he joined Nabors Industries Ltd in 1991, Petrello practiced general corporate, taxation and international arbitration at the Baker & McKenzie law firm. He resigned in 1991 after working at the law firm for 12 years, 5 of which he served as a managing partner with the New York City-based law firm.
Anthony Petrello attended Yale University and Harvard Law School where he graduated with degrees in MS Degree in mathematics and a J.D degree respectively. He is an advocate for medical programs and research meant to deal with the needs of kids born with neurological conditions. He is a member of Texas Children’s Hospital board of trustees. Anthony Petrello is also the director of Hilcorp Energy Company as well as Stewart & Stevenson Ltd.
Anthony Petrello’s Family Life
Tony Petrello’s success story is exceptional. How he rose from living with his Italian immigrant grandparents in New Jersey to Yale and Harvard Law School and later as a managing partner at a New York City law firm, and eventually to the helm of one of the biggest oil companies in the world. Tony and his wife Cynthia live in the East Coast and they have one child, Carena.
Nabors Industries Ltd is a Bermuda-based Oil and Gas Company that operates from Houston, Texas. It is one of the leading onshore drilling companies in the in the United States. The company is facing pressure from investors to shed some assets and concentrate on high-tech drilling activities which led to the company selling some oil fields in California. The company provides drilling services such as hydraulic fracturing and owns about a 1,000 rigs, both offshore and onshore.
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Tony’s daughter, Carena, was born 12 weeks early and was later found to have a common neurological disorder known as PVL (periventricular leukomalacia). The condition, which is brought by limited or no blood flow to the brain is pretty common among prematurely born infants.
As a result, she developed reduced motor skills, also referred to as cerebral palsy, a condition that causes slow or delayed growth in children. In conjunction with Texas Children’s Hospital, Tony Petrello and his wife Cynthia are committed to helping children born with neurological disorders and bring an end to the condition. They have donated millions of dollars to the facility to boost research as well as ensure that similar children at the hospital live to their full potential.
Nabors CEO Eugene Isenberg steps down; COO Anthony Petrello takes helm