Chairman of the Board, President and Chief Executive Officer, Nabors Industries Ltd.
Anthony G. Petrello was elected to the Nabors Board of Directors and the Executive Committee of the Board in 1991. He has served as Nabors President and Chief Operating Officer from 1991 to October 2011, Deputy Chairman since 2003, President and Chief Executive Officer since October 2011, and Chairman of the Board and Chairman of the Executive Committee of the Board since June 2012. From 1979 to 1991, Petrello was with the law firm Baker & McKenzie, where his practice focused on international arbitration, taxation and general corporate law. He served as Managing Partner of the firm's New York office from 1986 until his resignation in 1991. Petrello holds a J.D. degree from Harvard Law School and B.S. and M.S. degrees in Mathematics from Yale University. Petrello also serves as a director of Stewart & Stevenson LLC and of Hilcorp Energy Company.
In addition to his operating functions, Petrello provides strategic planning initiative and direction enabling the Company to adapt and prosper in our dynamic competitive environment.
Lead Director, Nabors Industries Ltd.
John Yearwood was elected to the Board in 2010 and appointed Lead Director in 2011. He currently serves as Chairman of the Governance and Nominating Committee and member of the Executive, Audit, Technical and Safety, and Risk Oversight Committees of the Board.
Yearwood currently serves on the Board of Directors of Sabine Oil & Gas LLC (formerly NFR Energy LLC, which was a joint-venture subsidiary of the Company), Sheridan Production Partners, Barra Energia and Foro Energy LLC and Coil Tubing Solutions LLC. Until 2010, he served as the Chief Executive Officer, President and Chief Operating Officer of Smith International, Inc. Yearwood was first elected to Smith's Board of Directors in 2006 and remained on the board until he successfully negotiated and completed the sale of Smith to Schlumberger Ltd. in 2010. Before joining Smith, Yearwood spent 27 years with Schlumberger in numerous operations management and staff positions throughout Latin America, Europe, North Africa and North America, including as President and in financial director positions. Yearwood received a Bachelor of Science Honors Degree in Geology and the Environment from Oxford Brookes University in England.
Yearwood brings extraordinary executive management experience in the oilfield services industry to our Board. His extensive knowledge of the industry, combined with his keen insight into strategic development initiatives, operations and our competitive environment, have provided the basis for the extraordinary leadership and critical independent oversight Yearwood demonstrates as Lead Director.
Chairman and Chief Executive Officer, Crane Capital Group Inc.
Jim Crane was elected to the Nabors Board of Directors in 2012 and currently serves as Chairman of the Technical and Safety Committee, and member of the Executive, Compensation and Risk Oversight Committees of the Board.
Crane has served as Chairman and CEO of Crane Capital Group Inc, an investment management company, since 2006. Crane was Founder, Chairman and Chief Executive Officer of Eagle Global Logistics, Inc., a NASDAQ-listed global transportation, supply chain management and information services company, from 1984 until its sale in August 2007. Crane Capital Group currently invests in transportation, power distribution, real estate and asset management. Its holdings include Crane Worldwide Logistics, a premier global provider of customized transportation and logistics services with 75 offices in 21 countries, and Champion Energy Services, a retail electricity provider. Crane also led an investor group that in 2011 purchased the Houston Astros. He holds a B.S. in Industrial Safety from Central Missouri State University and serves on the Board of Directors of Western Gas Holdings, LLC, a subsidiary of Anadarko Petroleum Corporation.
Crane’s experience in marketing, logistics, global operations and creating shareholder value provide a valuable resource to the Board.
John Kotts was elected to the Board in 2013 and currently serves as Chairman of the Audit Committee, and member of the Compensation, and Risk Oversight Committees of the Board.
Kotts is a private investor and entrepreneur. Through his management company, J.P. Kotts & Co., Inc., Kotts also operates a private investment fund focused on U.S. and international trading of securities and other financial instruments. He also invests in real estate and private equities. Kotts is currently the owner and CEO of Vesco/Cardinal, an oil tool rental and service company, as well as several manufacturing companies. Kotts previously held various financial, banking and investment banking positions in companies specializing in leveraged buyouts, venture capital and turnaround transactions. From 1990 to 1998, he owned and operated Cardinal Services, Inc., a leading supplier of liftboat rentals and other production-related services, including mechanical wireline services and plug and abandonment services, to oil companies operating in the Gulf of Mexico. After selling the company to a group led by First Reserve Corporation in 1998, Kotts retained a significant partnership interest and continued to be involved as a member of the Company’s Board of Directors until the time of the Company’s merger with Superior Energy Services.
He holds a B.A. in Philosophy and an MBA in Finance from Hofstra University and completed additional post-graduate work at McGill University in Montréal, New York University and Harvard Business School. Kotts’s industry background and knowledge, business acumen and financial expertise were the primary factors considered by the Board in deciding to appoint him as a director and nominate him for election to the Board.
President, MCL Ventures, LLC
Mike Linn was elected to the Nabors Board of Directors in 2012 and currently serves as Chairman of the Compensation Committee and member of the Risk Oversight and Governance and Nominating Committees of the Board.
Linn is the President & CEO of MCL Ventures, LLC, an investment company. Linn founded LINN Energy, a NASDAQ-listed independent oil and natural gas company, in 2003 and currently serves on the Board of Directors of LINN. He served as LINN’s Executive Chairman from January 2010 to December 2011, Chairman and Chief Executive Officer from June 2006 to January 2010, and President and Chief Executive Officer from March 2003 to June 2006. He serves on the National Petroleum Council and on the Board of the Independent Petroleum Association of America. Linn is a Texas Representative for the Legal and Regulatory Affairs Committee of the Interstate Oil and Gas Compact Commission. He was previously chairman and currently serves on the Natural Gas Council. He acts as an adviser to the Board of Directors of Quantum Energy Partners, LLC, serves on the Board of Directors of Black Stone Minerals Company, LP and Western Refining Logistics GP, LLC and serves as a Non-Executive Director of Centrica plc. Linn holds a B.A. in Political Science from Villanova University and a J.D. from the University of Baltimore School of Law.
Linn’s broad understanding of the energy landscape and insight into the needs of our customers, together with his extensive industry knowledge and relationships, provide valuable resources to the Board.
Professor of History, Louisiana State University System
John Lombardi was elected to the Nabors Board of Directors in 2009. He currently serves as Chairman of the Risk Oversight Committee and member of the Audit and Governance and Nominating Committees of the Board.
Lombardi is the Professor of History, Associate Director of Libraries, and Director of the Center for Measuring University Performance, University of Massachusetts Amherst since 2013. Lombardi served as President of the Louisiana State University System from 2007 to 2012, and as a Professor of History until 2013. Lombardi is also Co-Director of the Center for Measuring University Performance and in that capacity serves as a member of the founding board of the Global Research Benchmarking System. Lombardi was Chancellor and Professor of History of the University of Massachusetts Amherst from 2002 until 2007. Prior to that, he served in various capacities, including President, Director of The Center for Measuring University Performance, and Professor of History, at the University of Florida from 1990 to 2002; as Provost, Vice President for Academic Affairs, and Professor of History at The Johns Hopkins University from 1987 to 1990; and in various capacities, including Dean of the College of Arts and Sciences, Dean of International Programs, Director of the Latin American Studies Program, and Professor of History, at Indiana University from 1967 to 1987, where in addition he taught a course on international business.
Lombardi serves on the Advisory Board of the Jay I. Kislak Foundation, Inc., on the Board of the Emily Dickinson Museum, and on the editorial board of the academic library journal portal. He previously served on the Executive Committee and Board of Directors of the Baton Rouge Area Chamber of Commerce, on the Executive Committee and Board of Directors of the Economic Development Council of Western Massachusetts, and on the Executive Strategic Council of IMS Global Learning Consortium. Lombardi has authored or co-authored numerous books and articles on a wide variety of topics, including measuring university performance, Latin American history, and international business. His most recent book titled How Universities Work was published by the Johns Hopkins University Press in 2013.
Lombardi's experience in the functional role of chief executive officer and other leadership positions in five of the most prominent and complex higher education institutions with operating budgets ranging over $3 billion in the United States over a period of nearly five decades, combined with his Latin American expertise, uniquely qualify him for service on the Board. Lombardi's financial expertise in such diverse areas as budgeting, finance, audit, forecasting, risk management, human resources management, and executive compensation provide valuable insight to the Board and the Audit and Compensation Committees on which he serves.
Dag Skattum was elected to the Nabors Board of Directors in 2014 and currently serves as a member of the Audit and Risk Oversight Committees of the Board.
Skattum most recently served as Managing Director of one thousand & one voices, a family-backed investment firm focused on Sub-Saharan African Investments, a position he has held since 2013. Previously, he served as Partner of TPG, a leading global private investment firm, based in London from 2007 until 2013. Skattum began his career at JP Morgan, where he worked in London and New York from 1986 until 2007, serving most recently as Managing Director and Co-head of Global Mergers and Acquisitions.
Skattum serves on the Advisory Board of the UAMS Myeloma Institute for Research and Therapy, Little Rock, Arkansas; the Board of Trustees of Allegheny College; and the International Board of Directors of Right To Play, a global organization leveraging sports and play to support children in troubled parts of the world. He received a B.A. in History from Allegheny College and an MBA from the Simon Graduate School of Business at the University of Rochester.
Our largest shareholder recommended Skattum for nomination to the Board.
Howard Wolf was elected to the Board of Directors in 2013 and currently serves as a member of the Governance and Nominating, Technical and Safety and Risk Oversight Committees of the Board.
Since 2004, Wolf has practiced law as a sole practitioner. He also invests in and serves on the boards of directors of various private companies.
Wolf is a former senior partner with the law firm of Fulbright & Jaworski L.L.P. where he practiced in the Corporate Department from 1959 until his retirement from the firm in 2003. He is the former Chair of the Committee on Securities and Investment Banking, and the Section on Corporation, Banking and Business Law of the State Bar of Texas. Wolf has also served on or chaired a number of public, private and charitable boards of directors—including Stewart & Stevenson and Offshore Logistics—and as a partner of various companies. He currently serves on the board of Simmons & Company International, a private investment banking and securities firm specializing in the energy industry. He received a Bachelor of Business Administration and a J.D., with honors, from The University of Texas at Austin.
Wolf’s extensive legal and business experience in the energy industry, as well as in corporate and securities matters, mergers and acquisitions, finance and international law, together with the recommendation of our largest shareholder, were the primary factors considered by the Board to appoint him as a director.
Marty Whitman was elected to the Nabors Board of Directors in 1991. At the time of his retirement in 2011, he served as Lead Director and member of the Audit, Risk Oversight and Governance and Nominating Committees. Whitman was Chief Executive Officer until 2002 and a Director of Danielson Holding Corporation (a holding company for conversion of waste to energy and insurance businesses) until 2004 (Chairman of the Board until 1999); Chief Executive Officer of Third Avenue Trust from 1990 to 2003; Co-Chief Investment Officer of Third Avenue Management LLC and its predecessor (the adviser to Third Avenue Trust) from 2003 to 2009 and Chief Investment Officer of Third Avenue Management LLC and its predecessor from 1991 to 2003; Director of Tejon Ranch Co. (an agricultural and land management company) from 1997 to 2001; and Director of Stewart Information Services Corp. (a title insurance and real estate company) from 2000 until 2001. Whitman was an Adjunct Lecturer, Adjunct Professor and Distinguished Fellow in Finance, Yale University School of Management from 1972 to 1984 and 1992 to 2008 and is currently an Adjunct Professor in Finance at Syracuse University. He was an Adjunct Professor at the Columbia University Graduate School of Business in 2001. Whitman is co-author of The Aggressive Conservative Investor; of Distress Investing: Principles and Technique; and author of Value Investing: A Balanced Approach.
Whitman brought a wealth of experience in capital and investment management to the Board. His financial expertise and experience in the areas of risk management and strategic planning provided the basis for the extraordinary leadership and critical independent oversight Whitman brought to the role of Lead Director.