According to annual Associated Press rankings, Tony Petrello, at the age of 62, was the highest paid Chief executive officer in the country. Mr. Tony is the Chief executive officer of the Nabors Industries Limited which deals with natural gas, oil, and geothermal drilling. In 2016, he earned about $15,372,429 after his salary and stock options were accumulated.
Tony Petrello graduated from Harvard University’s law school. When Tony completed his studies, he shifted his career from mathematics to human sciences. Later on, after graduating from college, he married Cynthia. After working at various jobs, he finally got employed at Nabors Industries. He moved through the ranks and finally became the CEO of the company.
Nabors Industries Limited, founded in 1952, is one of the largest oil and gas drilling company in the world having about 500 rigs operational in more than 25 countries. It provides its services both in the land and in the off-shore. The company has headquarters located in Houston, Texas. Other companies which are subsidiaries of Nabors industries Ltd include Ryan Directional Services and Canrig Drilling Technology. In 2016, the company’s revenue was over $2.2 billion and employed about 30,000 workers. It has done a lot of projects which includes drilling Discovery well in Alaska which later incorporated them to bear Nabor’s name.
Tony Petrello has played vital role in steering company to its status now. Under his leadership, the company has been able to boost its profit, and it is now known worldwide. The company has also realized an increase in the company’s share prices up to 180% over the last 20 years.
Apart from being the CEO of Nabor Industries, Mr. Petrello, and his family are committed to philanthropy. In 2001, Tony and his wife founded the Petrello Family Foundation which focuses on education matters, medicine and performing arts. They also participated in the establishment of Jan and Dan Duncan Neurological Research Institute which helps children in neurological conditions. Tony’s achievements encourage people on how one can overcome situations by being ethical and intellectual. Tony Petrello is a person who has shown willingness of supporting and giving back to the society.
Tony Petrello apart from being the chairman and CEO, he is also the director of Steward & Stevenson LLC and member of Board of Trustees of Texas Children’s Hospital. He also works as an advocate for children suffering from neurological disorders.
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