Anthony Petrello: A Magnificent Executive and Magnanimous Philanthropist

Anthony Petrello is widely recognized as not only one of the most powerful men in oil and gas industry, serving as the CEO and President of Nabors Industries, but also a well-respected philanthropist in the community of Houston.

Nabors Industries is a giant in the oil and gas industry, providing a myriad of services including innovative technologies, directional drilling services, offshore drilling rigs and performance tools in not only the United States but in multiple international markets.

After receiving his J.D. degree from Harvard Law School following a B.S. and M.S. in Mathematics from Yale University, he worked with Baker & McKenzie from 1979 to 1991, specializing in international arbitration, taxation and general corporate law.

Resigning five years after Anthony Petrello became managing partner, Petrello joined Nabors Industries, joining the Board of Directors and Executive Committee and taking on many roles with the company: President and Chief Operating Officer (1991-2011), Deputy Chairman (2003-Present), President and Chief Executive Officer (2011-Present), and Chairman of the Executive Committee Board as well as Chairman of the Board (2012-Present). If that is not enough on Petrello’s plate, he also makes time to help with initiatives like strategic planning and direction, which helps Nabors Industries to adapt, rise, and differentiate itself from other industries in this increasingly competitive era.

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Cynthia and Tony Petrello: Inspired by Adversity
Executive Bio, Compensation History, and Contacts

A well-acclaimed philanthropist, Anthony Petrello is greatly vested in medical issues and provides copious financial support to the medical community. Having a disabled daughter led Petrello to become involved in advocacy for children’s needs on their health. Petrello and his wife, Cindy, who were college sweethearts, were unfortunately given sad news regarding their daughter’s health at birth. Born early, at just 24 weeks and weighing a little over a pound, doctors broke the news that Carena was diagnosed with periventricular leukomalacia, or PVL. This disease is common among babies born premature, as a result of blood and oxygen not flowing properly to the brain. Hence, the damages cause significant neurological issues; in this case, Carena developed cerebral palsy, giving rise to problems such as chronic motor skill impairment, developmental delays, and dependency on someone for life. Source: http://blogs.marketwatch.com/thetell/2014/05/27/why-nabors-ceo-wont-top-best-paid-bosses-list-again-in-2014/

Despite given the heartbreaking and difficult news, the Petrello’s did not allow the diagnosis to stop and accept that fate and became proactive about the issue. Rather, Anthony became involved in learning about neurological diseases and offering help, giving nearly $7 million to a Texas Children’s Hospital’s neurological research center. Not only is Petrello involved in the financial support and advocacy for children with severe impairments and needs, but he is also a member of the Board of Trustees at the hospital.

Anthony Petrello, despite having accomplished so much, is continuing to help many through his consistent hard work in both his professional and personal setting, attributing luck over being smart for his success in life.

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One thought on “Anthony Petrello: A Magnificent Executive and Magnanimous Philanthropist

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