Tony Petrello is one of the most successful corporate executives in the United States. He is the CEO of Nabors Industries, a geothermal, oil, and natural gas drilling firm. It is the biggest company in off-shore drilling. It is also the company with the best drilling rigs in the industry. Petrello has been a significant player in the success of this company for the last two decades. Although he was appointed to the position of CEO in 2011, he has served in other senior position before. His first role in the firm was that of the Chief Operating Officer. He brought innovations and creative thinking in this company enabling it to make some critical decisions which have seen its gains skyrocket in less than two decades.
Tony Petrello started work at Nabors Industries in 1991. As the COO, he was tasked with managing all the operations of the company. His rank was just below that of the CEO. However, he had to wait until 2011, to get the plum CEO job. Before the big appointed, he served on the board of directors and the board’s executive committee. He impressed through his achievements as the COO and by the time the position of the CEO was vacant, he was the clear choice of the position.
When Tony Petrello joined Nabors Industries, he was determined to apply his brilliance in creative thinking and problems solving in managing the operations of the company. Some of the management decisions he made cemented the company’s position as the number one drilling company in the country. He was responsible for the acquisition of rival company grace drilling at the cost of $32 million. In 2010, he oversaw the purchase of another company known as Well Services Drilling. His attitude to business expansion demonstrated his savviness as a creative businessman. Through his decisions, Nabors Industries is no longer the company it was two decades ago.
As the CEO of the company, Tony Petrello is responsible for other great agreements with other players in the drilling sector. In 2014, Nabors Industries agreed with C&J Energy to combine forces and expand their company Completion and production company. In 2015, he supported another agreement with KazMunayGas, an oil drilling company in Kazakhstan. They created a single form known as KMG Nabors Drilling Company which will perform oil exploration and drilling in Kazakhstan. In 2016, he led Nabors into another agreement with Saudi Aramco. They create a joint company known as SANAD. Saudi Aramco is currently the biggest oil company in the world with a net worth of about $10 trillion.
Learn more about Tony Petrello: http://www1.salary.com/Anthony-G-Petrello-Salary-Bonus-Stock-Options-for-NABORS-INDUSTRIES-LTD.html