Tony Petrello’s Philanthropic Efforts

Tony Petrello is the chairperson, chief executive officer and president of Nabors Industry. Nabors offers oil drilling services ad over the years it has made many acquisitions. The company has over 500 rigs in 25 countries, and the demand is always high considering the nature of the business. Tony became the group CEO in 2011, succeeding the previous CEO Isenberg. On becoming CEO, the company share rose by about 180%. Tony attended Yale University where he earned a bachelor’s degree in mathematics. He proceeded to acquire his master’s degree in mathematics from Yale. Tony also pursued a law degree from Harvard University. He landed a job at Backer and McKenzie focusing on corporate law, taxation and general arbitration. Tony made partner in 1986, he later resigned from the position to join Nabors Industries in 1991.

Despite all these personal honors on tony Petrello and being the best-paid CEO, Tony is an enthusiastic philanthropist. Eight years ago Tony’s wife gave birth to their daughter Carena at 24 weeks. She developed a rare disorder known as Periventricular Leukomalacia. Having been born early than expected and due to the condition, her brain did not receive enough amounts of blood flow, this resulted in the lack of enough oxygen in the brain and thus baby Carena developed cerebral palsy. The disease causes delayed development.

Tony and his wife have devoted lives to searching for cure for their daughter’s condition. The couple set out to carry out pediatric research; they traveled to all institutions around the world including Harvard, UCLA and John Hopkins. Tony later discovered that a solution was at their doorstep at the Texas children’s hospital. The hospital aims to make sure that children suffering from Carena’s disorder will be able to achieve their dreams to become what they want in future. Tony hopes that with the neurological research at the Texas children’s hospital all will improve. Tony contracted with Dan Duncan; the couple donated $50 million for the creation of Jan and Duncan Neurological research institute in 2010. Tony added a further donation of $7 million; Tony believes that his attempts to research and development will assist children suffering from the disorder.

Tony philanthropy was also directed to the funding of his friend Serge Lang at the Yale University who had passed on. Tony made a relationship with Land at the university, the donation will be going towards the mathematics field. Tony has become committed to reading more fundraising efforts. Tony has had many experiences with the disorder, and during his free time, he writes and even talks about it to those interested, and hopes to raise the needed support.

For details: www.nabors.com/about-nabors/leadership-team