Category Archives: Leadership

The legend of Nabors Industries: Anthony Petrello

There are a number of top executives who are always on the lime light with their persona, charisma, achievements and success in the corporate world. Among those, Anthony Petrello is a popular one who has made a mark for himself in USA and other parts of the world. Anthony Petrello is the Chairmen and CEO of Nabors Industries, one of the biggest US giants in oil and gas sectors. His leadership and contribution behind the immense success of Nabors Industries has made Anthony an idle for the present generation. In addition to being a successful executive, he is also a philanthropist, a legal expert and a charismatic leader.

Anthony Petrello or simply known as Tony among his colleagues and friends, received his Juris Doctor degree from the Harvard Law School. In addition to his legal degree, he also has a M.S. degree in mathematics from Yale University. One of his college roommates, Lloyd Grove who saw him very closely during his student life says that he was very bright and popular among the students and a standout Italian-American extrovert with a genuine interest in mathematics. However, Tony changed his passion when he completed the law education and went to pursue a career in that direction.

After completing his studies, Tony Petrello joined Baker & McKenzie, a law firm in 1979. While working in that firm, he worked with complex issues that included international arbitration and tax. In 1986, he became the Managing Partner of this law firm and worked here till 1991. At this stage of his life, he resigned from Baker & McKenzie to join Nabors Industries as a Board Director. Ever since then, he continued to lead this company with his administrative, legal and strategic brilliance. He was elected as the Deputy Chairmen of the Board of this company in 2003 and had the opportunity to serve the as the right hand of his Chairmen, Eugene Isenberg till 2011. In 2011, Tony became the Chairman and CEO of Nabors Industries when Isenberg stepped out from his position. Under the leadership of Anthony, Nabors Industries has become one the leading companies in the oil and gas sector. Currently, this company has more than 30,000 employees and a vast operation in 35 nations across the globe.

This company is considered among the top oil, gas and geothermal drilling contractors that also provides a wide array of support services to a number of drilling and well servicing companies. In 2016, it secured a revenue of 1,688 million which makes it among the top companies. In addition to Nabors Industries, Anthony was also in the media for being one of the top paid bosses in USA. His total income for the year 2015 was $27,512,939 that placed him in that prestigious list. He would have made to the list even early if Nabors Industries didn’t have a restrictive corporate governance and compensation practices. Apart from being a top paid boss, Tony is also considered as a great executive and according his college roommate, Lloyd, an oligarch in the corporate sector.

Tony is married to Cynthia Carrafa, a soap opera actress and producer and they have daughter named Carena who was diagnosed with periventricular leukomalacia. Rather than collapsing at this news, the couple started to fight strongly with this situation. In addition to treating their daughter, they have taken a number of philanthropic actions that includes a $7 million donation to the Neurological Research Center at Texas Children’s Hospital where Tony is also serving in its Board of Trustees.