Anthony Petrello is the current president, CEO and chairman of the Executive Committee and Board of Nabors Industries Limited found in Hamilton, Bermuda. Nabors Industries is the biggest natural gas and geothermal drilling contractor worldwide. It operates in various areas of the world for instance United States, Middle East, Far East and Africa. Anthony Petrello has played a significant role in the huge development that Nabors Industries has achieved over the years since joining its ranks. Here is a brief overview of his compensation, education and work background. You can also follow him on Twitter : Click Here.
Work and Education Background
Anthony Petrello graduated from both the Yale and Harvard Universities. He holds a J.D. degree that was awarded by the Harvard Law School. He acquired his BS and MS in Mathematics degrees from Yale University. His career started off officially in the year 1979, when he joined the Baker & McKenzie law firm. From 1986 – 1991, he was the managing partner of the firm’s office in New York. Mr. Petrello left the law firm in 1991 and went on to become the chief operating officer at Nabors Industries Limited before finally becoming the president of the global drilling contractor.
In 2003, Anthony Petrello rose to become the deputy chairman of the company and remained in this position up to June 2012. In 2011, he was confirmed as the CEO at Nabors Industries. From 2012 up to date, he is the chairman of the Nabors Industries’ Board. From February 2011, Anthony has been the director of the Stewart & Stevenson, LLC. He also served as MediaOnDemand.com’s director in the past. He is currently a director of the Texas Children’s Hospital.
Anthony Petrello had his overall calculated compensation for the FY2015 pegged at $27,512,939. Out of this huge amount, Anthony received $1,580,077 as his salary, a bonus of $7,727,000, stock of $16,863,656 as well as a further $1,342,206 in other forms of compensation. Given this huge compensation, Anthony Petrello easily made it to the list of the most paid bosses in America. However, in 2014 he did not appear on the list due to the company changing its compensation and corporate governance practices. This included splitting the roles played by the CEO and chairman and reducing the administrative severance pay to only 3 times their salary and bonus. Read more about him : Here.