How Tony Petrello Rose to Prominence

Anthony Petrello is the Chairman of Nabors Industries. Petrello studied at Yale University where he earned a Bachelor’s degree and a Master’s degree in Mathematics. He joined the legal sector as an attorney at Baker & McKenzie after completing school. He was promoted to become the managing partner of the New York office in 1986. Tony left to join Nabors Industries after working at the law firm for 12 years. He joined the drilling company as the chief operating officer and the president of the enterprise. Tony Petrello also acceded to the company’s board of directors. He was elected to the Executive Committee of the board. He became the deputy chairman of the enterprise in 2003. He was promoted to CEO before becoming the chairman of the board and the Executive Committee a year later. He is responsible for coming up with initiatives that drive the company forward as the chairman of the board. Petrello became the highest-paid CEO in the country after his appointment as CEO. The 250% increase in his salary resulted from the performance of the company’s stock after his appointment and learn more about Tony.

The shareholders of the company decided that a change to the compensation practices of the company was necessary. These changes included limiting the severance of an executive to not more than three times their salary and bonus. They voted to split the role of the chairman and the CEO such that two different people could occupy it. This is the reason why Petrello was not the highest-paid CEO in 2014. He is a director of the Texas Children’s Hospital and Stewart & Stevenson, LLC. Petrello has been the director at the law firm for six years. Petrello is an advocate and supporter of research programs that are aimed at addressing the needs of children who are suffering from neurological disorders and resume him.

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