Tony Petrello is the Chief Executive Officer, President and Chairman of the Board at oil equipment giant Nabors Industries. He has served in a multitude of roles since joining the company in 1991 when he first joined the board of directors. Along with the titles he holds, he also works in a strategic role where he helps guide Nabors Industries’ future success and innovation within the industry.
A large part of Petrello’s push has been toward technology and innovation. He is a leader that knows the importance of integrating new and adaptive technology into the oil equipment industry as well as making sure Nabors has a fleet of people well trained on that technology that can execute it on site.
Petrello’s worth is well known by Nabors, as his total compensation last year was around 15.2 million dollars. This included 1.57 million in salary, 1.49 million as a bonus and the rest came from a portfolio of stock options awarded to Petrello. He also is a director for another oil based company Steward & Stephenson.
Outside of his role with Nabors and other business leadership roles, Petrello is highly focused on neurological research for children. He and his wife Cynthia have a young girl named Carena who was born with a neurological disease that left her highly impaired. The couple knew that with all of their success, this was the cause they could focus on and give back to in order to help make a difference. The two focus heavily on providing support, both financially and with their time, to Texas Children’s Hospital’s Center for Neurological Research. They have committed $7 million in donations and also lead fundraising efforts from other sources. Their goal is to bring neurological research initiatives that are the first of their kind right into their backyard in Texas. Click here to know more.