Tony Petrello; The Kind-Hearted Oil Executive Behind Nabors Industries
What comes to your mind when you think of oil executives? Like most people, you probably view them as individuals who are self-centered, which could be true for some of them. However, one cannot use the same description when talking about Tony Petrello, an oil executive known for his caring heart and his relentless efforts towards helping the poor and charitable institutions. For instance, he has played a significant role in helping to settle those affected by the Hurricane Harvey.
Tony is the current President and the Chief Executive Officer of a leading oil company, Nabors Industries. The oil company mostly deals with offshore and onshore oil drilling. Since he joined the Nabors in 1991, the exceptional executive has played a great role in transforming the firm into a global giant it is today.
After University, Tony went on to join the team at Baker & McKenzie Law Firm. A few years later, thanks to his relentless abilities, he became a Managing Partner of the law firm’s New York offices. He worked with the team at Baker & McKenzie for five years. In 1991, Tony went on to work as the Chief Operating Officer of Nabors Industries. In 2003, he started serving as the company’s Deputy Chairman, a position that he held until 2011 when he was appointed to the position of Chief Executive Officer.
His Achievements As The CEO Of Nabors Industries
A few months after taking over as the CEO, the company’s share price skyrocketed by nearly 180%. What did he do differently? Tony introduced new approaches that promised to help the oil giant expand its client base and penetrate more regions. The oil company currently has over 500 active rigs in more than 20 countries. All these have been achieved due to Tony’s exceptional leadership and brainy business strategies.
What Does He Do Apart From Leading Nabors?
Apart from being the CEO of the oil giant, Tony also works at Stewart & Stevenson, where he serves as one of the company’s Director. He also serves as a Director of MediaonDemand.com. He is also a dedicated member of the Board managing Texas Children’s Hospital. As we mentioned before, Tony also engage in philanthropic activities together with his college sweetheart, Cynthia Petrello. To date, they have donated more than five million dollars to charitable organizations. The couple mostly makes donations to organizations that try to find solutions that can help address the needs of children with neurological diseases.