Anthony Petrello is certainly a shrewd businessman with a great track record of leadership and strategic planning at Nabors Industries. He’s been with the company for over 25 years and certainly has negotiated his share of deals and used his expertise in financial law to guide the company, and he’s led many mergers and acquisitions along the way.
Nabors Industries has developed many patents for drilling technology both in physical tools and automation software, and Petrello has been able to attract investors to the company thanks to its commitment to staying ahead of competitors in technology. Nabors owns one of the world’s largest oil drilling fleets in both land-based and offshore rigs.
Petrello’s first passion was mathematics, and as a one of the top students in his Newark high school he was able to earn admittance to Yale University. There he studied under renowned mathematician Serge Lange and obtained both a bachelor’s and master’s degree in advanced math. But for whatever reason Anthony Petrello declined to pursue a degree in that field and went to Harvard where he completed his J.D. in law. He soon joined New York law firm Baker & McKenzie where he specialized in corporate law practice, including advising clients on tax and employment laws. Nabors Industries was a client at the firm when Petrello became Managing Partner, and they were so impressed with his work that they hired him as Chief Operating Officer in 1991.
Petrello has enjoyed his success as the leader of Nabors, but he’s had some personal hardships as well including his daughter Carena’s struggle with cerebral palsy. He consulted with several of the top physicians in the US on treatment options, but unfortunately he was told there were none available for CP. But he decided he was going to start a philanthropy dedicated to finding cures for CP, and he soon met Dan and Jan Duncan who had started a neurological research institute at the Texas Children’s Hospital. The Duncans were moved by stories of young children struggling with neurological disorders, and they were happy to have the Petrellos come aboard with their effort. Thus far Anthony Petrello has donated over $7 million to research.
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