Since 1991, Anthony Petrello was the Chief Operating Officer of Nabor Industries til 2011. He later got a promotion to Chief Executive Officer and President in 2011, and he holds this position to date. Mr. Petrello also referred to as Tony offers strategic direction and planning to Nabor Industries.
He has garnered a wealth of knowledge while working in the oil and gas industry as well as experience while running the company. Nabor Industries provides other companies with oil contract driller services. Currently, the firm holds 500 operating oil contract rigs, and in recent advances, it has ventured into shale fracking.
Mr. Petrello runs the firm’s operations that are in 25 nations spread all over the world. He is behind the numerous contract acquisitions that Nabor Industries has won over the years. He primarily makes the final decision on which firms to purchase, and the impact on which purchasing them will add value to his prudent vision.
Mr. Petrello has grown a positive and strong reputation as a CEO. His work proficiency is in the way he collaborates with his executive staff, his choice of candidates to recruit for the management team, as well as the way he communicates his visions and goals. Mr. Petrello also has an international reputation of inventing new strategic ideas for Nabor Industries and following through them to completion. He is also responsible for negotiating new contracts and ensuring the existing ones run smoothly. Nabor Industries stock has increased by 180% since Anthony Petrello became the Chief Executive Officer of the firm. This factor alone has led him to be one of the top paid Chief Executive Officers internationally.
As a philanthropist outside the office, Mr. Petrello is lauded for his generosity. Anthony Petrello’s philanthropic work is mostly vested in the medical field and ignited by having a disabled child. The disability came as a result of being born prematurely at six months and weighing a pound; their daughter got diagnosed for PVL or periventricular leukomalacia. The disease is a result of limited oxygen and blood flow to the brain.
Despite Mr. Petrello having to endure with the situation, he didn’t allow his misfortune to bring his spirit down; instead, he accepted the fate and became active about infant health conditions. Anthony Petrello began learning about cerebral diseases and providing financial assistance. Up to date, he has donated almost $7 million towards the research of neurological diseases to a Texas Children Hospital research center.