Anthony G. Petrello is a highly successful attorney and corporate executive. At the moment, he is the Board Chairman, President, and Chief Executive Officer of Nabors Industries Ltd. The company is involved in oil and gas exploration in the Middle and Far East, North America, and Africa. Mr. Petrello joined the company’s board of directors and executive committee in 1991. His presence on the board has coincided with unsurmountable success, which has enabled Nabors to dominate the oil and energy sector.
Petrello’s Pre-Nabors Career and Board Memberships
Antony had already made a name for himself before he was brought on board by Nabors. Between 1979 and 1991, Anthony Petrello was a senior partner at Baker & McKenzie. This is one of the largest commercial law firms in the US. Here, Petrello was in charge of cases pertaining to international arbitration, general corporate law, and taxation. He was a managing partner at the practice between 1986 and 1991. Petrello graduated from Harvard Law School with a J.D. degree. He also holds a Master’s of Science in Mathematics from Yale.
Anthony Petrello serves on the boards of Hilcorp Energy Corporation and Stewart & Stevenson. Besides this, he sits on Texas Children’s Hospital’s board of trustees. He was appointed to this position due to his dedication towards funding clinical and research programs aimed at addressing the needs of kids who are affected by neurological disorders.
Roles Played by Petrello and Nabors
Mr. Petrello initially served as the chief operating officer and president of the firm from 1991 to 2011. During this time, he was also the deputy chairman. In October 2011, he retained his presidency besides being appointed chairman of the executive board. In addition, he became the firm’s chief executive officer. Besides his operational functions at the company, Mr. Anthony Petrello provides corporate guidance and strategic planning. This has enabled Nabors Industries to adapt and prosper in a corporate environment that is highly dynamic and competitive.
The corporation has attained notable milestones under Mr. Petrello’s leadership. He helped it get listed on the New York Stock Exchange. In addition, he played a crucial role in reorganizing the company’s structure, thus moving it away from the brink of collapse to sustained profitability. Before his appointment, Nabors was performing poorly. During his early years, he implemented a raft of measures aimed at keeping debt under control. As a result, the company grew remarkably in the mid 90’s despite a general meltdown in the industry. During the late 90’s Nabors Industries was named among the largest listed companies in the US. This is attributed to the shrewd leadership that Petrello provided.
Petrello and his wife Cynthia are among the most notable givers in Texas. Their philanthropic efforts have largely been inspired by adversity. The couple has led numerous fundraising efforts to support the Neurological Research Institute. They personally contribute nearly 5 million dollars every year. Their daughter Carena suffers from periventricular leukomalacia (PVL). Her plight is what motivates Antony to fund translational support since he believes it is the only hope for his daughter and other kids who suffer from neurological disorders.