Tony Petrello is the Chief Executive Officer (CEO) of Nabors Industries Limited. Tony served as the Chief Operating Officer and President of the company from 1991 to 2011. Tony has gained a lot of experience in his profession hence making him highly competent, knowledgeable and innovative. He has worked as the chairman of the Executive Committee of the company since June 2012. Tony Petrello has managed to provide strategic directions and planning that enable Nabor industries to prosper and adapt to the highly competitive environment. Through his leadership, the company has adopted various technologies and read full article.
It is worth noting that since 1979 to 1991, Tony worked with Baker and McKenzie. From 1986 through 1991, Tony was the Managing Partner of the Company’s office located in New York. Tony has also served as the Director of Stewart and Stevenson since February 2011. Among his other significant achievements in his career include serving as the director of MediaOnDemand.com and Texas Children’s Hospital. His extensive experience holding the position of a director and chairman in various organizations has enabled him to gain extensive knowledge in the management of big organizations.
Anthony Petrello graduated from Havard School of Law with a J.D degree. He also graduated from Yale University with a master’s in Mathematics. In his previous work experiences, he focused on general corporate law, taxation, and international arbitration. Through Tony’s leadership, he enabled Nabors to provide innovative technologies, performance tools, and drilling services to the most significant gas and oil markets across the world. Tony acquires skilled employees who are trendsetters in the industry. He has also helped Nabor Company to transform the drilling industry and attain operational excellence by setting new standards.
In 2013, Petrello made $68.3 million which included a payment of $60 million came from contract renegotiation. In 2012, the annual compensation was 246% as reported by Equilar. In 2014, Nabors changed its compensation practices and corporate governance. The changes implemented meant splitting of the functions of the CEO and chairman thus reducing the payment given to the CEO. The money held back was to be distributed among shareholders. As a result, Petrello did not top in 2014 as the top the best-paid-boss and Tony on Facebook.
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