Tony Petrello’s Career at the Nabors Industries

Tony Petrello has a Bachelor of Science and a Master’s of Science in Mathematics from Yale University. He also holds a Juris Doctor from Harvard Law School. Tony Petrello’s career started in 1979 at Baker & McKenzie law firm.

Service at Nabors Industries

Petrello served in 1991 as Nabors’ Chief Operating Officer. In 1992, he was elected the organization’s president. In the year 2003, Tony became the Deputy Chairperson and the Deputy Chief Executive Officer of the Nabors Industries. He was appointed as the CEO in 2011 before being elected Chairperson in 2012.

The Calculated Compensation at FY 2015

Tony Petrello heads one of the largest and most profitable geothermal and gas exploration company. In 2015 alone, his compensation was estimated to be $27, 512, 939. The compensation was divided in three portions$ namely: 7,700,000 bonus, $ 16, 663,656 stock and $1, 580,077 salaries. $1.342, 000 represented other compensations.

Role and Memberships in Boards

Petrello has been a member of the Board of Directors Stewart & Stevenson LLC since 2012. He has also been a Director of the Board at the Texas Children’s Hospital and an active advocate of the clinical programs for the victims of neurological disorders. Tony is also a member of the Board of Trustees at the Texas Children’s Hospital.

Nabors Industries

It is a United States-based oil and gas drilling industry. It runs the biggest and largest oil and gas deposits in the globe. Nabors has significantly impacted the industry with its innovative and high technology drilling equipment, experience and innovative approached to the ever demanding energy sector business to learn more: https://twitter.com/tony_petrello click here.

Nabors payments and compensations underwent revision due to the demonstrations by the California State Teachers Retirement System. The corporate governance and compensation structures were overhauled. CEO roles were split, payments limited to salaries and bonuses only, and the shareholders given the authority to elect the members they wanted to the Board of Directors.