During organizational leadership transition, it is imperative that the incoming leader has more than just academic qualifications. Successful transition calls for appointing leaders with the prerequisite academic qualifications and the experience to fully grasp the demands of leadership. A leader who is well versed in the company’s culture, operations and industry stands a better chance of successfully transitioning into a new role. Such leaders instill investor confidence and easily win the approval of colleagues. These are the tenets that guided the board of directors at Nabors Industries, a leader in the oil and gas industry, in their decision of appointing Anthony Petrello to replace Eugene Isenberg as the company’s Chief Executive Officer.
The Rise to CEO: Experience
Prior to being appointed as Nabors’ CEO, Anthony Petrello had served as the company Chief Operating Officer (COO) for two decades. He also doubled up as the deputy chairman of the company’s board of directors, which is led by Eugene Isenberg who will retain his position despite stepping down as CEO. Upon joining the company in 1991, Mr. Petrello was appointed to company’s board of directors and its Executive Committee. He served as the President of the company for ten years. His rise through the corporate ladder began prior to joining Nabros as he had served a managing partner a law firm for the last five years of his decade long stay at the firm. His time at the firm provided him with importance experience and skills in corporate law and taxation, which played a critical role in his appointed as COO of Nabros Industries in 1991.
Becoming CEO: Academic Qualifications
Academic qualification is one of the success factors in leadership and management. Mr. Petrello’s successful career in a highly competitive corporate world began in Yale University where he finished both his Bachelors of Science and Master of Science degrees. At Yale, Mr. Petrello specialized in Mathematics but later changed to law when he joined Harvard Law School for his Juris Doctor degree. His education equipped him with important skills and knowledge that enabled him to effectively merge the two academic fields into a successful career in the oil industry.