Tony Petrello: Philanthropy Geared Towards Groundbreaking Research

Tony Petrello is not new in the field of philanthropy. He has been known to make generous contributions to charitable causes even long before he became the Chief Executive Officer of Nabors Industries. The philanthropic efforts have only increased astronomically since the birth of Tony Petrello’s daughter Carena. The eight-year-old daughter was born with a neurological condition that affects her brain’s ability to coordinate some functions such as eating, walking, and speaking. This has seen her not catch up with her other age mates in learning the basic functions. Tony Petrello however knows only too well that Carena is an embodiment of a miracle in his life. Only last year, Carena made a landmark achievement when she finally did learn to eat solid foods. With her condition she has to repeat the pattern several times to allow her brain recognize the pattern.

As soon as Carena was diagnosed with the condition, Tony Petrello began to notice the lack of research on the condition as they moved from doctor to doctor. While their daughter’s condition motivates both Tony and his wife Cynthia, it is the underresearched nature of the conditions that need to be considered as an emergency. In a bid to address the inadequacy of research, Tony and his wife have decided to be more generous and support research work on the topic. They have already made a hefty donation worth 5 million dollars towards supporting new research. This has been followed up with a pledge to contribute 2 million dollars more to the same cause. Earlier on in 2006, he had donated another huge sum of money. Tony Petrello hasn’t had the need to find research institutions to fund any further than Texas Children’s Hospital. He has been leading fundraising efforts to support this cause.

Tony Petrello graduated from Yale University with a degree in mathematics and another second degree in law from Harvard University. Instead of pursuing a career in any of this fields to the bitter end, Tony Petrello opted to change tack and pursue a career in the oil industry. After a few years in a law firm as managing partner, Tony Petrello joined Nabors Industries in 1991. He started as a member of the board and executive committee of the company. In 2003 he served the company as Deputy Chairman and Chief Operating Officer, positions he held until 2011 when he became the Chief Executive Officer of Nabors Industries.

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