Anthony Petrello has worked hard to get to his position in life, graduating from Yale with a Bachelors and Masters degree in Mathematics along with graduating from Harvard Law School.
These degrees positioned Petrello to practice at the firm Baker and McKenzie in New York where he would become Managing Partner in 1986. After Petrello’s resignation from Baker and McKenzie in 1991, he was elected to President and Chief Operating Officer of Nabors Industies where he served until October 2011, as well as Deputy Chairman since 2003. Then in October 2011, Petrello was named President and Chief Executive Officer, then Director of Stewart & Stevenson, LLC in February 2011. In June of 2012 Petrello served as Chairman of the Board, Chairman of the Executive Committee of the board of Nabors Industries.
Nabors Industries owns and operates the world’s largest land based drilling fleet as well as providing as a leader in offshore drilling rigs in the U.S. With this Nabors understands that sustainability is a necessary aspect of the industry so with technology, planning and safety initiatives, Nabors is using responsibility to guide their success. Nabors Industries reincorporated in Bermuda in 2002 leaving shareholders alarmed and apprehensive that Bermuda’s corporate laws would leave them with little rights.
When Petrello became CEO, stocks when up but shareholders were still concerned, so Petrello changed compensation practices to ease shareholder’s minds and move some of the money back to shareholders instead of Petrello himself, leaving Petrello out of the running for best paid boss of 2014.