Anthony Petrello’s Rise To Success

Anthony Petrello is the Chairman/President/CEO of Narbors Industries Ltd. Petrello has been Chairman since 2012. He has had the job title of CEO since 2011. He first started working for Nabors in 1991 as their COO. In 1992 Petrello became its President and has been in that position ever since.

Nabors Industries Ltd. owns and operates the world’s largest land-based drilling rig fleet and is a leading provider of offshore drilling rigs in the United States and multiple international markets on LinkedIn. Nabors was founded in 1952 by Clair Nabors. Nabors Industries was the first to drill a horizontal well, a practice still in use today. Along the way, Nabors acquired many companies leading to its growth.

Previously, Tony Petrello worked for Baker & Mckenzie LLP from 1979-1991 and as a Consultant: Attorney General for the State of Massachusetts from 1976-1979. He obtained a B.S. and Masters degree in Mathematics from Yale University and has a J.D. from Harvard Law School. He has been the director of Stewart & Stevenson, LLC since 2011. He is on the Board of Directors for Hilcorp Energy Co. Tony Petrello serves as a Director of Texas Children’s Hospital, Inc. As of Fiscal Year 2015, Petrello’s total calculated compensation is 27.6 million.

Petrello’s college roommate from freshman year, Lloyd Grove, wrote an article in the Daily Beast titled “The Prince and the Pauper; My College Roommate became an Oligarch”. In it, Grove describes how Petrello was when they knew each other. “Tony was the skinny public school scholarship kid from working-class Newark whose thick Jersey accent, loud mouth, and eager demeanor stood out…,” says Grove at http://www.nri.texaschildrens.org/give_gift/leaders_giving/cynthia_tony_petrello.aspx.

Grove makes it clear that he knew Petrello was special though he was surprised to find out about his former roommate’s current occupation on fuelfix.com. Grove says that Petrello “was constantly scribbling proofs of arcane theorems on greasy napkins and, operating at a genius level at age 18, became a protégé of Prof. Serge Lang, a world-renowned mathematician”. After contacting Petrello personally, Petrello admitted to Grove through an e-mail that “One life lesson I have learned is that between being smart and lucky- lucky is better. I have been extremely fortunate in work”.

Grove also mentions Petrello married his college girlfriend Cynthia Carrafa. Carrafa and Petrello’s daughter, Carena, was born prematurely and developed cerebral palsy. Petrello has said about his daughter, Carena, that “She makes us and everyone around us feel like you’re in front of someone who’s been put here for a greater purpose”. The Petrello family donated 7 million dollars to Texas Children’s Hospital to fund neurological research.

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