Tony Petrello’s philanthropic light burns bright. His early life and his family are the fuel. He believes in working together to improve the lives of all in the community.
He was on hand to help Nabors employees who were victims of Hurricane Harvey to get back on their feet. He devised a strategy that gave his employees time off to assist in the recovery efforts.
He also launched a Nabors Relief Fund. The proceeds were used to provide the much-needed relief to the hurricane victims. In addition, the company also put up a mobile kitchen providing hot, healthy meals to needy families in the region.
Business leadership success
Tony has been at the helm of Nabors Industries since 1991. He has served in various executive positions at the company including deputy chairman, chief operating officer, president, chairman, and CEO.
Tony Petrello excels in driving home a strategic business position. He values hard work and integrity. He has led Nabors Industries to consolidate its leadership position among the oil and gas multinationals.
The company operates more than twenty sites around the world. This includes hundreds of drilling rigs providing jobs to hundreds of thousands of workers.
Tony Petrello has instituted far-reaching governance reforms at the firm. This includes a review of the executive compensation policy to align it with the wishes of stakeholders.
He made headlines in 2014 as the highest paid CEO in the industry. His success attracted admiration and inspired many to be better business leaders. It also sparked the debate about the executive compensation policy among the shareholders of the firm.
The remuneration is now performance-based and transparent to shareholders. The CEO believes the employee pay gap between the executive team and the average worker should be narrowed.
Before Nabors, he worked as a managing partner of Baker & McKenzie, a law firm based in New York. The opportunity to head Nabors came knocking while he was busy at the law firm.
In addition, he also serves as a director of Stewart & Stevenson, an oil and gas service firm and is associated with Hilcorp Energy.