Category Archives: Businessman

A Look at the Philanthropic Endeavors of Tony Petrello

Tony Petrello has undeniably made a name for himself, especially since he steers the largest natural gas and geothermal contractor all over the world. Away from career matters, he has proven to be an altruistic individual through his increased giving endeavors. In fact, Tony recently donated $5 million meant to fund a research initiative. He also plans to contribute an additional $2 million in the coming days.

Over the years, Tony Petrello has depicted support for research, mainly relating to neurological disorders. This initiative stems from the desire to see children like his daughter, Carena, lead better lives. Carena suffers from a neurological condition that prevents her from learning things like other children do when growing up. To try to find answers for their baby’s condition, Tony Petrello and his wife, Cynthia, set out to look for a pediatric research facility. This quest led them to the Texas Children’s Hospital.

Since beginning his relationship with the Texas Children’s hospital, Tony Petrello has developed many instrumental contacts to back his mission including Dan Duncan, the director, and chairperson of Enterprise Products. Dan and his wife are behind the creation of the Neurological Research Institute, which is currently located at Texas Children’s Hospital. Away from that, Tony Petrello is also known for contributing towards a yearly prize at Yale University, his alma mater. The award is meant to honor his mentor and friend Serge Lang.

About Tony Petrello

Anthony Petrello or otherwise known as Tony is best known for being the Nabors Industries’ CEO, president and chair of the executive committee and board of directors. Nabors prides itself on being the leading and largest natural gas and geothermal drilling company/contractor in the world. Aside from the United States, the Hamilton, Bermuda-based company operates in other places around the globe such as Africa, Middle East, and the Far East. Over the years, Petrello has played an instrumental role in the development and growth of Nabors Industries, which began in 1968 as Anglo Energy Ltd.

Tony Petrello joined Nabors Industries in 1991 as the chief operating officer. Later in 1992, he ascended to the president’s position. In 2003, Petrello was named deputy chair of Nabors Industries. He assumed the position of chief executive officer of Nabors in 2011. Since 2012, Anthony Petrello has been the chairperson of the company’s executive committee and the board of directors. Away from Nabors Industries, also works as a director of several companies including Hilcorp Energy Company and Stewart & Stevenson LLC

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Anthony Petrello life story

Anthony Petrello has always had a knack for success in all of his careers. From being a mathematician at the Yale University to a lawyer at Baker& McKenzie law firm and finally in his various roles at Nabors Industries. Anthony who was born in Newark, New Jersey has been a hard working person all his life. His success has simply been a product of the effort that he has applied in his efforts to succeed in life. As the CEO of Nabors, he was the highest paid U.S corporate executive in 2014. This just shows the type of man we are talking about. One of the top cream in the global corporate sector. Nabors Industries is an international oil and drilling company from the United States.

From a young age, Anthony was brought up knowing that in life he had to work hard to achieve his dreams and ambitions. Having been born from a humble family, he never enjoyed the luxuries of life in his early life. He was taken to public schools by his parents where he had to contend with an education system that was inferior compared to that offered at private institutions. However there was something extraordinary about Anthony Petrello, he was a genius in mathematics.

At the elementary level, he was able to solve complex mathematical problems that not even his peers would attempt. While in high school representative s from the Yale University noticed his special talent and offered him a full scholarship to study at the institution. He was to take a course in mathematics. He was also to be mentored by Serge Lang, a professor of mathematics lecturing in the university. Anthony Petrello stayed at the institution until he finished his masters in mathematics. After that, he decided to move away from a career as a mathematician.

Anthony Petrello joined Harvard school of law, from where he graduated with a Juris Doctor. He then went to work with Baker& McKenzie law firm in New York. He used to handle issues of corporate taxation. He attracted many clients into the firm due to his sound interpretation of the law.

In 1991, Petrello quit his job as a lawyer to join Nabors industries as a corporate executive in charge of operations in the firm. Since joining Nabors, he worked his way up to finally become the CEO in 2011. Throughout his tenure at Nabors, he had shown unique characteristics in business management especially in setting strategic plans for the company.

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Nathaniel Ru Talks About Sweetgreen’s Fast Food Model

Given a chance to start all over again, many heritage restaurant firms would want to be like Sweetgreen. The high-end salad restaurant chain that is supported by renowned investors, including Danny Meyer, Steve Case, and Daniel Boulud, has received success in the competitive food industry. Read more: Sweetgreen Founder Interview – Nathaniel Ru | Business Insider

The company has achieved success based on its principles: healthy, organic, fresh, and local. Sweetgreen’s recipe has resonated with diners as shown by stretched lines at the companies’ 40 locations.

Nathaniel Ru, the co-founder of Sweetgreen, says that they are building a brand that stands for something. According to him, their goal is to feed more individuals with better food. However, traditional restaurants could learn more from Sweetgreen’s co-CEOs. The owners of Sweetgreen posit that 30 percent of the company’s transactions are made via its mobile app or website. Ru notes that technology has been part of their DNA.

The three co-CEOs are also reevaluating management strategies. To establish a close link with customers, the company completely shuts down their corporate office five times annually. Notably, the company shuts down with the objective of ensuring that everyone can serve in its restaurants.

Sweetgreen does not have a main headquarter. In addition, the CEOs are bicoastal, as they endeavor to expand the company nationally. In the recent past, Sweetgreen opened its offices in Los Angeles. Ru pointed out that they do not believe in the thesis of big corporate headquarters. He says that they wanted to decentralize their headcount. Read more: Nathaniel Ru Blazes a Trail in The Height Food Industry | Affiliate Dork and Sweetgreen | Wikipedia

Ru and his co-CEOs of Sweetgreen, Nicholas Jammet and Jonathan Neman, met at Georgetown University. At the university, they took an entrepreneurship class. Moreover, each of the trio’s parents has established successful businesses. They are also first-generation immigrants.

Nathaniel Ru and his co-CEOs felt that the Georgetown area did not have healthy eating options. After completing their entrepreneurial studies, they made that it their primary focus to establish healthy menus when they launched their initial restaurant in 2007. In 2014, the co-founders told Fortune that they knew that they would operate successfully as a business when they made it through their initial winter break when students went home.

While advising the 20-year-old students, Ru said that they should read more books. He is a great admirer of Kevin Plank and his achievements with Under Armour. According to Ru, the firm stands for something larger than itself.

About Nathaniel Ru

Nathaniel Ru is the co-CEO and co-founder of Sweetgreen, a chain that has expanded rapidly to Chicago, Boston, California, and New York after starting in Washington, DC.

He graduated with a BS in finance. Together with his co-CEOs, Nathaniel Ru believes in food that fits a customer’s values, budget, imagination, tastes, and community. In 2010, he launched Sweetlife, one of the leading music and food festival.