Facts You Probably Were Not Aware Of Tony Petrello

Anthony Petrello is probably one of the public figures very few people know about. Tony, as people call him, is the CEO of Nabor Industries, one of the leading oil and gas drilling companies based in Bermuda. His humble and warm-hearted nature has seen him create employment opportunities for people. He is clearly known for his fair treatment towards people.

Despite being an influential leader at Nabor, his story is one of the humble beginnings. He was born in Newark. One notable feature about Newark is their communism nature where all community members work hand in hand to ensure that everybody’s needs are catered for. This explains Petrello’s nature of modesty and helping others.

He was naturally a genius as he studied differential calculus at a young age. On his 18th birthday, he passed in algebra and calculus. It’s his brightness that made Yale recognize him and offer him full sponsorship to study his passion- Mathematics. However, after some time, his interest in mathematics was no longer there, and he switched to human sciences where he pursued at Harvard Law School.

After graduation, he joined Baker & Mackenzie where he worked from 1986-1991 as a managing partner. In 1991 after resigning from former employment, he joined Nabor Industries as the president and the chief operating officer. In 2003, he became the deputy chairman until 2012. While at it, he became the CEO at the same company. Nabor Industries is arguably one of the largest drilling fleets with over 500 active rigs in around 25 countries. It supplies high-technology tools to the oil and gas markets together with providing drilling services.

Interestingly, 80% of Petrello’s income is dependent on the company’s revenue. This is a sign of a selfless personality. Tony has created many employment opportunities across the United States in areas where there’s oil production.

Nabor Industries started in 1968 as Anglo Energy Ltd. It later changed its name to Nabor in 1987. Petrello took over from Eugene M. Isenberg and has been in leadership since then. When it comes to naming the top paid bosses in the US, it’s more likely that Petrello will not come to mind especially because he’s not very outspoken.

In 2013, he was paid $68.2 million. The figure tops as the No. 1 highly paid boss on Equilar’s record of the country’s 50 top-paid CEOs in 2013. One of Petrello’s successes is that since he became CEO, Nabor’s share price has increased by over 150%.

Tony Petrello info: www.wsj.com/articles/SB10001424127887324392804578358772612205556

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