As the Chairman of the Board, Chief Executive Officer, and President of Nabors Industries, Ltd., Tony Petrello has a lot of responsibility. He oversees the operations and strategic vision of a company that is the largest land-based driller in the world.
Nabors Industries, which is part of the S&P 500, drills for oil, natural gas, and geothermal energy. It has drilling rigs in America, Canada, the Middle East, Africa, and the Far East. Tony also manages the company’s operation that involves providing offshore drilling rigs and equipment to offshore drilling companies, as well as providing them with software and other technology.
In addition to his role at Nabors Industries, Tony Petrello is the Director of another oil company, Stewart & Stevenson, LLC. Before he arrived at Nabors Industries in 1991, Tony worked as an attorney at the law firm Baker & McKenzie in New York City. His legal specialty was corporate taxes. He worked at Baker & McZenzie for 12 years, the last six years of which he was the Managing Partner.
Tony and his wife Cynthia Petrello have a daughter that was born prematurely. As a consequence, she was born with periventricular leukomalacia. This disease, which is common with premature infants, is caused by a lack of oxygen to the brain. This disease developed into Cerebral Palsy for their daughter, Carena. The couple became involved with research into the disease and donated $7 million to the Jan and Dan Duncan Neurological Research Institute that is looking to develop effective therapies.