It may be considered a little unusual that an oil industry tycoon has close company with a Broadway star, but with Tony Petrello and Tommy Tune their life stories ended up in opposite places yet share a commonality. Petrello grew up in Newark, NJ and had close ties to New York City growing up, but he moved to Houston, TX upon becoming becoming a Nabors Industries executive. Tune actually was born in Houston but discovered his gift for dancing and acting and moved to New York City where he’s won several Tony awards for his Broadway performances. But Petrello and a local Houston theater board welcomed Tune home as he made a return trip to perform in his hometown. Tune was honored to be a guest at the reception party at the Petrello home, and both share a love of supporting Houston community charities.
Tony Petrello at one time was a high acumen math student who studied under Serge Lange at Yale University. He assisted the professor in number theory and was thought to be Lange’s successor in the field. But as Petrello’s old roommate recalls, he went to law school afterward and completed his J.D. at Harvard. For 13 years he served at Baker & McKenzie law firm and had several areas of financial regulations he specialized in. He assisted clients with tax compliance, foreign investing, internal investigations and other loopholes in the SEC. It was here that Anthony Petrello impressed the shareholders and executives at Nabors Industries, a client of the firms, and he joined the company upon being offered a high compensation job as Chief Operating Officer.
Petrello served as Chief Operating Officer of Nabors for 21 years and when former Chairman and CEO Eugene Isenberg died in 2011, he was chosen to succeed Isenberg in that role. Nabors Industries has built up what’s said to be the largest land-based drilling rig fleet and have been leaders in offshore modular series, and Petrello has taken the lead in development initiatives for the technology. Petrello had a contract renewal in 2013 that led to additional bonus payouts and a total compensation of $68.7 million, and though a lot of that compensation was tied to stocks and equities, it made him the highest-paid CEO on a publicly traded company that year. Petrello’s philanthropy includes support for neurological studies at the Texas Children’s Hospital, and fundraising for crisis issues including a hurricane Harvey relief effort in the fall of 2017.
Learn more about Anthony Petrello: https://www.broadwayworld.com/houston/article/Tony-Petrello-Welcomes-Tommy-Tune-Home-To-Houston-20180104