Oil drilling and transportation has been termed as one of the most lucrative businesses across the world. Many people have taken key interest in the industry setting up firms and companies to offer these services. Anthony Petrello is one such person who has developed interest in the gas and oil grilling industry. Petrello is the President And Chief Executive Officer of Nabors industries. The company has established back 1968 and is headquartered in Hamilton, Bermuda. As such, the company has grown over the years to a net worth of over $3.4 dollars.
Nabors industries has employed over twenty six thousand people making it among the World’s largest employers. The success of the company is attributed to the good governance and leadership qualities of Anthony Petrello. He was first hired as a chief operating officer and later grew through the ranks due to his determination and commitment to become the CEO. He holds a J.D. from the Harvard University and later went on to acquire a second degree in mathematics from Yale University. This was his stepping stone towards reaching greater heights in life.
As the president and chief executive officer of Nabors industries, ha has provided leadership and management support to the staff hence leading to increased work output. As a result, the company grew its income to over $85million dollars in 2009. This has continued propelling delivery of services and increased its market range to reach many people. His tremendous work at the company also made him to receive hefty benefits as part of the rewarding system of the company. He received over $27million from the company covering his long years of service. Anthony Petrello has impacted positively on the entire management team of the company. Petrello was later elevated to become the Chairman of the Board of Directors of Nabors industries.
Here, Petrello was given an opportunity to become a policy maker who impacted and contributed towards crafting of legislations that have improved on work efficiency. During his tenure at the helm of the company, the company continued to row until it was put in S&P 500 Index as one of largest traded company in the entire United States of America. In its quest to continue expanding, the company sold one of its fleet vessel for over 180 million dollars. This was a move seen as a way to bringing in surplus revenue tot the company. Through this achievements, the company has continue to thrive in the ever-changing global market.