The Background Info of the CEO of Nabors Industries Ltd, Anthony (Tony) Petrello

Anthony G. Petrello is the president, Principal Executive Officer, and Chairman of Nabors Industries Ltd. He has studied in two top class universities, B.S, Yale University and J.D Harvard University. He started working at the Nabors, in the year 1991, where he acted as the President and Chief Executive until the year 2011. In the same year, of 1991, he was still elected in the Nabors Board of Directors. In the year 2012, he acted as the chairman of each. His compensation according to the FY 2015 was $27,512,939.

Although Petrello is among the best-paid bosses, he still did not make it to be among the top-best-paid bosses. In the year 2014, some changes were agreed by Nabors Industries Ltd. Nabors agreed to change both the compensation and corporate governance practices. These changes impacted the roles of the CEO and chairman. That led to limiting the payment severance of the executive to 3 times bonus and executive salary. The shareholders were given the authority to elect with 5% stake as their least to the board of directors of the company. The shareholders, therefore, shared among themselves the pay of Petrello. The money was turned back to them after all the steps above. Although he missed it as the top-best –paid bosses, he is listed the best-paid CEO.

Antony maintains a tight relationship with his family. He has a daughter named Carena. Anthony Petrello and his family led when it came to fundraising for the Neurological Institute where their daughter was born.