In the high-stakes corporate business world, few executives have a story as compelling as that of Tony Petrello. His story began with humble beginning after being born to a working-class family in Newark, New Jersey. From these beginnings, Petrello would rise to the status of heading the most lucrative drilling company operating on land in the world and playing a central role in the funding research in the hundreds of millions of dollars in search of a cure for a neurological disease.
The beginning of the Petrello rise began with a stellar academic background. In high school, Tony Petrello became a folk hero of sorts from displaying the incredible mathematical abilities he possessed. His impressive abilities were noticed by Yale University and he was offered a scholarship and the unique opportunity to at a mentorship by the brilliant mathematician, Serge Lang.
Once leaving Yale with a bachelor’s and master’s degree, along with his soon to be wife, Tony Petrello surprised all that knew him by foregoing a career in mathematics and choosing instead to turn his attention to the law field. He would turn to Harvard Law School to gain the education he needed.
Tony Petrello joined the Baker and McKenzie law firm in 1979 where he specialized in arbitration and taxation. Tony Petrello’s performance with the company was rewarded by his being made the managing partner of their New York Division.
While working with Baker and McKenzie, Petrello performed duties for a company known as Nabors Industries. Nabors, which was founded in 1968, is involved with natural oil and gas drilling on land and is on the S&P 500 list.
Tony Petrello made such an impression with Nabors while providing services to the company that the appreciation felt by higher-ups with the company shown itself with a job offer. Petrello resisted at first but eventually accepted a position with Nabors in an executive capacity.
Tony Petrello became the Chief Operating Officer at Nabors in 1991. This was one position below CEO and Petrello would further cement his position with the company later the same year when he accepted a seat on the Nabor’s board of directors as well as a position on the executive committee of the board.
Petrello would become President of Nabors Industries in 1993 and CEO in 2011.
Tony Petrello and his wife Cynthia became parents to a daughter Carena who was born with cerebral palsy. This has led to a major philanthropic mission by the couple that has resulted in money being raised in the hundreds of millions.
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