Tony Petrello may not be looked at as Houston’s most popular man, but he should be credited as being one of its most generous. The world will remember when Hurricane Harvey visited the Texas coast and inflicted damage that’s going to be felt for years to come just as Hurricane Katrina is still felt in New Orleans.
Petrello gladly became part of the effort to care for the victims of this hurricane by allowing his employees to take time off to see to the safety of their families, and all who volunteered to clean up the debris were paid for it. Petrello also compensated employees who prepared hot meals for the victims and he even donated over $100,000 to Nabors Industries’ fundraiser to help them out, but this is not the only philanthropy he has participated in.
Nabors Industries owns some of the world’s most advanced oil drilling technologies, and Tony Petrello has spearheaded the company’s investments into that technology as well as accruing large offshore rig stations. He serves as both CEO and Chairman for the company, an honor he’s held since 2011. Prior to that, he was Chief Operating Officer from 1991 to 2011, and before joining Nabors Industries he was partner associate at Baker & McKenzie law firm for 13 years. He specialized in corporate transactions, tax compliance and investment laws while serving at the firm, and he had received his bachelor’s and master’s degrees in advanced mathematics and his J.D. at Harvard Law School prior to joining the firm.
The most important people in Tony Petrello’s life are his wife Cynthia and his daughter Carena who was born with a condition known as perventricular leukomalacia (PVL). This is usually caused by an illness such as a high fever to an infant and causes permanent brain damage, and in Carena’s case it triggered cerebral palsy and took a heavy toll on Petrello and his wife. When told by some of the world’s best doctors that there was currently no cure for PVL, he dedicated his philanthropy to helping find one. Petrello found out about a new research facility setup at the Texas Children’s Hospital, and he came to know its founders Dan and Jan Duncan. Together, the Duncans and the Petrellos decided to host a fundraiser event during which Petrello donated $7 million to bring in advanced research equipment to the institute. He’s become passionate about spreading the word to other business executives and hoping they too will pitch in to help young children affected by PVL and other disorders.
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