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 previously served as Nabors President and Chief Operating Officer from 1991 to October 2011 and Deputy Chairman since 2003. During October 2011, Petrello was named President and Chief Executive Officer of Nabors Industries. He has served as Chairman of the Board and Chairman of the Executive Committee of the Board since June 2012. Earlier in his career and prior to joining Nabors, 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 bachelor's and master'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 until 2012), Sheridan Production Partners, Barra Energia, Premium Oilfield Services, LLC, Foro Energy LLC, Dixie Electric LLC, and Coil Tubing Partners LLC. Until August 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 significant 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.
Tanya Beder was elected to the Nabors Board of Directors in 2017. She currently serves as a member of the Technology and Safety, and Risk Oversight Committees of the Board.
Beder has served as a member of the CYS Investments, Inc. Board of Directors since May 2012, where she chairs the Nominating and Governance Committee and is also a member of the Audit and Compliance Committee. She currently serves as the Chairman and CEO of SBCC Group, Inc. (“SBCC”), which she founded in January 1987. SBCC is an independent advisory firm whose projects include assisting corporate management, institutional investors, large financial firms and other clients in solving complex financial problems under crisis and providing strategic advice to seize opportunities. Beder has served since 2011 on the board of the American Century mutual fund complex in Mountain View, California, where she chairs the Risk Committee and is a member of the Portfolio Committee. Previously, Beder was the Chief Executive Officer of Tribeca Global Management LLC, a $2.6 billion dollar fund with operations in Singapore, London, and New York; Managing Director of Caxton Associates LLC, a $10 billion asset management firm; and President of Capital Market Risk Advisors, Inc. Beder also spent time in various positions with The First Boston Corporation (now Credit Suisse) where she was a part of the first team of derivatives traders and structurers for currency and interest rate swaps, caps, collars, floors, futures, and options, and was on the mergers and acquisitions team in New York and London. In January 2013, she was appointed to the President’s Circle of the National Academies, after serving six years at the National Academy of Sciences on the Board of Mathematics and their Applications. Beder also serves on the Advisory Board of the Columbia University Financial Engineering Program, the Mathematical Finance Advisory Board of New York University and The Institute for Pure and Applied Mathematics at UCLA and is a Board Member Emeritus of the International Association of Quantitative Finance, where she previously served as Chairman. She is an appointed Fellow of the International Center for Finance at Yale University and teaches a course on finance and fintech at Stanford University. Beder holds a B.A. in mathematics and philosophy from Yale University, and an MBA from Harvard Business School.
Beder’s extensive asset management experience, vast knowledge of operational and risk management, and experience serving on public and private boards of directors are key factors that were considered in her nomination to the Board.
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 has invested 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 105 offices in 30 countries, and Crane Freight & Cartage. 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, as well as Cargojet Inc.
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 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. Kotts previously served on the board of directors for C&J Energy Services Ltd. from March 2015 to September 2015. .
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 oil, gas and real estate 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 Energy. 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 as a member of the National Petroleum Council and acts as a senior adviser to the Board of Directors of Quantum Energy Partners LLC. Linn previously served on the Board of Directors of C&J Energy Services Ltd. from March 2015 to June 2015 and as Non-Executive Director and Chairman of the SHESEC Committee for Centrica plc, chairman and director of the Natural Gas Council, chairman of the Education Committee of the Independent Petroleum Association of America and director of the Natural Gas Supply Association. 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.
Dag Skattum was elected to the Nabors Board of Directors in 2014 upon the recommendation of our largest shareholders at the time to the Governance and Nominating Committee. Skattum currently serves as Chairman of the Risk Oversight Committee and as a member of the Audit Committee of the Board.
Skattum serves as vice chairman, Europe, the Middle East and Africa of JP Morgan. Previously, he served as Partner of TPG, a leading global private investment firm, based in London from 2007 until 2013. Prior to that, Skattum worked for JP Morgan for 21 years in a variety of roles in New York and London, until his departure as Managing Director and Co-Head of Global Mergers and Acquisitions in 2007.
Skattum currently serves on the Board of Sonae SGPS S.A. in Portugal, the advisory board of the UAMS Mycloma 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.
Skattum has delivered valuable experience throughout his investment banking career, working with a variety of different industries throughout the world and advising other Boards.
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.