The Chief Executive Officer of Nabors Industries Ltd, Mr. Anthony Petrello, has held the position since October 28, 2011. Prior to that, he had served in the same company since 1992 as the Chief Operating Officer.
Nabors industries is a natural gas, geothermal, oil and drilling contractor. The business has been running since 1968, and is located in Hamilton, Bermuda and Houston, Texas. As per 2008, the company had employed around 26,912 employees, earned revenue of $3.477 billion and an overall net income of $85 million. The reputable industry has operated on land throughout the Middle East, America, Far East and Africa. It has also operated onshore, servicing mostly in North America. Under Petrello’s leadership, the company has acquired a charter fleet of 29 marine vessels for its offshore operations. The business has also introduced top drilling drives, directional drilling systems, equipment to be used for rig instrumentation and data collection and software to be used in rig reporting.
Tony Petrello studied law at Harvard University, and later advanced up to the Masters level at the Yale University. Currently, he has notable involvement in many areas, especially as a board member. He serves as the director of the Texas Children’s Hospital Inc. All the way from 1991, Petrello worked as the director of Stewart and Stevenson, LLC and as chairman of the executive committees of Nabors industries. Before joining Nabors industries, he worked with the law firm Baker and McKenzie serving as the Managing Partner of its New York Office between 1986 and 1991. He now receives a salary of $1,580,077 and $6,125,000 bonuses, totaling his annual compensation to $7,705,077. In 2013, he was ranked on top of the best paid CEOs in the world, she but did not top the chart in 2014 because he received a hefty pay cut.