Anthony Petrello Wants People to Understand How Important Supporting Neurological Research is
Anthony Petrello can tell you from experience that few things matter as much as knowing your family is cared for by medical professionals. His daughter Carena is a victim of periventricular leukomalacia, a brain seizure that often causes cognitive disorders including cerebral palsy. It was hard for Petrello to see his daughter struggle, and at that point none of the success he had had in business mattered to him. All he cared about was finding a way to help Carena. Some of the best friends that Anthony Petrello and his wife Cynthia have met have been Dan and Jan Duncan, the founders of the Duncan Neurological Research Institute. The institute has provided state-of-the-art equipment to neurologists and medical research specialists. The Petrellos have been among its largest donors with $7 million in gifts and more information click here.
Anthony Petrello is one of the most prestigious CEOs as the head of Nabors Industries, a Houston natural gas and oil drilling technologies company. Petrello took over as CEO and Chairman after former Chairman Eugene Isenberg passed away in 2011. At his current position, Petrello manages strategic investment initiatives and conducts shareholder meetings. Nabors Industries has several proprietary technologies that include hybrid drilling, horizontal wells and modular offshore rigs including the PACE-x. Petrello has been among the highest-compensated executives in the US, including becoming the highest paid in 2013 when his base salary, bonuses and stocks and equity topped $68 million.
Petrello joined Nabors Industries in 1991 as Chief Operating Officer, but prior to that he had 13 years practicing law. He was raised in a suburb of Newark, NJ and all the way from elementary school he loved solving math problems, so much so that an old college roommate of Petrello’s often recalled stories of him studying math during recess. Petrello graduated with high honors in advanced math with both a bachelor’s and master’s from Yale University, but he surprised many people by going into law afterwards and completing his J.D. at Harvard. He joined Baker & McKenzie in 1979 and was promoted to partner of the firm in 1986. He specialized in corporate taxation, SEC regulation, offshore investing and other financial areas. He left the firm just prior to joining Nabors Industries and what Anthony knows.