Anthony Petrello has played a huge role in ensuring that Nabors Industries makes tremendous strides of success, from the time when he took over the leadership of company in 1991. Currently, Nabors Industries boasts of having approximately over 500 rigs all over the world, and it has established its branches in more than 25 countries. Nabors Industries is deeply involved in the oil drilling activities, but it never participates in the process of refining and producing oil. Due to the experience that the organization has had in oil drilling, it has ended up becoming very popular due to its expertise in the shale-fracking job that is lately becoming very popular.
Anthony Petrello topped the list of the highest paid Chief Executive Officers in 2013, and this was because shareholders had not started interfering in matters of Nabors Industries governance until 2014. In 2014, it was agreed that the various corporate governance laws that had initially been adopted at Nabors Industries should be changed, therefore, leading to an alteration on how compensation practices were being carried out in the organization. Some of the significant changes that were adopted include separating the roles assigned to the CEO and the Chairman of the company. Adoption of such rules limited the overall pay of Anthony Petrello by over three times, and the shareholders were given the power to elect anyone whom they preferred to lead organization. Therefore, this limited Anthony Petrello’s salary, unlike in the previous year when he received a massive $68million hence becoming the highest paid boss globally.
Anthony Petrello used his previous expertise in corporate law that he gained while working at Baker & McKenzie law firm, to help Nabors Industries CEO Eugene Isenberg, to move the company offshore in the year 2002. Anthony Petrello has a degree in Law from Stanford University, which he obtained after gaining both Bachelors and Masters Degrees from Yale University. Since he was young, Tony had a gift in numbers, and that is what led him to pursue career in mathematics.
Anthony Petrello is a board director at Stewart & Stevenson LLC, Texas Children’s Hospital Board of Trustees, and Hilcorp Energy Company. He is also a huge advocate for research into various medications that can be used to correct complications for those who have neurological disorders.
To know more visit @: twitter.com/tony_petrello