Tony Petrello got elected to the executive committee and the board of Nabors in 1991. For 10 years, he has served in the position as the president and chief operating officer. In 2011, Petrello got elected to the post of the chief executive officer. A year later, Petrello became the chairman of the board and the executive committee. In Nabors, he develops strategic planning methods geared at providing a competitive edge in the dynamic environment.
Petrello studied law at Harvard Law School. Later, he mastered in mathematics at Yale University. In 1979, he joined Baker and McKenzie law firm. In 1986, he became a managing partner in the firms’ New York office until 1991 when he resigned. Today, Petrello skills and experienced gets utilized by several organizations. He is a director at Stewart & Stevenson LLC. He identifies with several philanthropic activities. Anthony continues to serve the society through Texas Children’s Hospital where he is a board member.
According to proxy statements filed for 2015, Anthony G Petrello made $ 27,512,939 in total compensation. $1,580,077 amounted to salary, $ 7,727,000 was paid as bonus, $16.863, 656 as stock and $ 1,342,206 came as other compensations. The income statements from Nabors Industries are filed yearly with the SEC. Other benefits comprise of money coming from awards and other sections that can’t fit in the major categories.
In 2014, Tony Petrello didn’t top the list of the most highly paid executives in the States. Nabors move to change its corporate governance, and compensation practices limited the executive payment to three times an executive salary. The move saw his package reduce and more money channeled to the shareholders.