Anthony Petrello: Oil Technology Visionary and Philanthropist in Houston

Anthony Petrello has earned millions in his salary as the CEO of one of the nation’s most advanced drilling technology companies, Nabors Industries. Nabors Industries owns the largest drilling rig fleet for land-based operations and has jobs contracted through partnerships with other oil refinery companies. Petrello has been overseeing strategic technology initiatives at Nabors Industries for over 20 years now, and under his leadership many patents in offshore modular rigs and hybrid drilling have hit the markets. He had a contract renegotiation in 2013 which had bonus payments netting him $68 million in total compensation, making him then the highest paid Chairman and CEO in the nation and more information click here.

 

Anthony Petrello was born in Newark, NJ and was a math whiz when he was young. He earned a full scholarship to Yale where he completed his bachelor’s and master’s in advanced math. He studied law at Harvard and practiced in corporate regulations when he joined Baker & McKenzie in 1979. He worked with a lot of high profile investors and publicly-traded companies guiding them with taxes and offshore accounts. Nabors Industries became very pleased with his work that they asked him to come lead the company as Chief Operating Officer in 1991 and Anthony on Facebook.

 

Anthony Petrello also has another story to his life that is sometimes hidden among his business activities. He’s married to Cynthia Petrello, formerly a television actress and has a young daughter named Carena who has struggled with cerebral palsy due to being born with periventricular leukomalacia. Petrello had a difficult time in his life trying to stay focused at his job while also trying to take care of his daughter and all he wanted was to find a cure for her condition.

 

While he wasn’t given a cure, he was fortunate enough to meet Dan and Jan Duncan and see the work they had done funding a neurological research center at the Texas Children’s Hospital. The Petrellos became delighted with the work that was being done there and decided to start a fundraiser to bring in more research technology. At this fundraiser they matched $7 million in donor funds to neurological research and learn more about Anthony.

More visit: http://www.fundacity.com/anthony-petrello