Tony Petrello is the CEO and President of Nabors industries Limited that is based in Hamilton, Bermuda. This enterprise is considered as one of the largest geothermal and natural gas drilling contractor in the world. It currently operates in four different continents that include The Middle East, United States, Africa, and the Far East. Tony has had a significant contribution towards the development of Nabors Industries that was first established as Anglo Energy Limited in 1968. Petrello is a graduate of Yale University and Harvard University. Tony’s professional journey is well grounded in mathematics and law. He first joined Nabors Industries as the chief executive officer in 1991. This is a position that he has held to date. He was appointed the president of the company in 1992. Tony served as the deputy chairman of Nabors Industries from 2003 to 2012.
Tony has managed to acquire substantial skills and experience that have seen him improve the company’s operations. His industry and experience enabled him to become the chief executive officer when the former CEO left. Nabors Industries has seen an unprecedented increase in share price by about 180% under his tenure. This rise is attributed to Tony’s ability to forge healthy relationships with the investors of the enterprise who facilitates the success of the oil company. Tony was ranked among the top-paid 50 CEOs in the US because of his success in 2013. The company has recorded tremendous growth and expansion in different sectors. It has made huge profits because of his leadership skills and experience.
The key role among Tony’s essential functions includes the formulation and implementation of strategic plans and management of the leadership team. He is also mandated by the company statutory policy to recruit only the qualified individuals to fill the top positions in the company. Tony has been able to link the company to potential investors. He has also tried his best to maintain the current investors. He is well known for his unwavering commitment and excellent team spirit in helping and steering Nabors Limited to achieve its goals and objectives. Tony has also been involved with community development initiatives such as his donation to a research institute that is focused on researching neurological diseases that affect children at Texas Children Hospital. He was moved to take part in this initiative after his daughter suffered from Periventricular Leukomalacia (PVL).