The growth journey of Tony Petrello at Nabors Industries
Tony Petrello joined Nabors Industries in 1991 as the Chief Operating Officer. As the COO, he was supposed to oversee the operations of the company. His position was just below that of the CEO. His main contributions as the COO is how he managed to streamline the operations of the company. He managed to do it in a way that many people would not have expected. Tony made his position as an executive even more solid after he was appointed to the board of directors and the board’s executive committee just two years after joining the company. He maintained the impressive track record as a leader that when the set of the CEO fell vacant, there was only one person who could have taken up that position and it was no other than Tony Petrello.
Tony Petrello president of Nabors industries in 1992. Since then, he started implementing management measures which turned the business operations of the company in the right direction. The measures placed the company in the line of becoming the biggest company in the drilling sector. His contribution to the growth of the business has been the reason we see the company become the top company in the world. He made some decisions which expanded business operations. For instance, in 1993, he was behind the purchase of a competing firm in the drilling industry known as Grace Drilling. The transaction cost $32 million. Another purchase under his watch took place in 2010 when Nabors Industries bought Superior Well Services. Some of these decisions are the reasons why the company is doing so well. They are also proof of Tony’s brilliance.
Tony Petrello finally became the CEO of Nabors industries in 2011. He was also named the chairman of the board’s executive committee. Since then, he has been making great decisions which have seen the business fortunes get better than before. There have been other businesses deals with other companies which have expanded the operations of Nabors Industries.
Looking at the growth journey of Nabors Industries, you cannot ignore the input of Tony Petrello. He has managed to do what others could not have managed.
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