Tony Petrello has usually deployed man power to build new wells and open new oil shafts, but when the deadliest storm on record, hurricane Harvey hit Houston and the rest of the Texas coast, he sent it to help with cleanup. Petrello runs one of the world’s largest drilling companies as Chief Executive Officer of Nabors Industries, and though tough deadlines have to be met for production, he understood the importance of keeping everyone safe and making sure they had time to address any issues at their homes. But he also decided to pay any employees who volunteered to help rescue and cleanup teams overtime pay. Petrello opened up a public donation page to raise money for all victims affected by the damage which raised over $170,000.
Tony Petrello has quite a track record managing a major publicly-traded company. Nabors Industries owns some of the highest rated rigs and has invested a lot into new computer-operated rig technology. High end data analytics are also employed in its drilling operations. Petrello also led a big acquisition this last year to integrate the technologies of Tesco Corporation with Nabors Industries as part of a stock merger, and there will now be new drilling sites opened with the new SANAD venture Nabors entered with Saudi Aramco.
While Tony Petrello is most known for making major stock and drilling deals, he has several accomplishments made before he joined Nabors Industries. His childhood and college story of being a mathematics genius is told by his former roommate Lloyd Grove of the Daily Beast. He often solved mathematics problems on paper napkins during lunch breaks at school, and while he was attending Yale he was a protege of mathematician Serge Lange. After leaving Yale, Petrello decided law was where he wanted to go, so he completed law school and joined the New York law firm Baker & McKenzie in 1979. He became a partner there in 1986 and stayed on until 1991 when he moved to Houston to become Chief Operating Officer of Nabors. Petrello was appointed CEO in 2011 and was given the role of chairman one year later. Other little known details about Petrello include being a friend of Broadway actor Tommy Tune and having him over at his house for a reception. He also serves as a trustee to the Texas Children’s Hospital where he’s given $7 million to fund neurology studies and initiatives for genetics cures.
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