Tony Petrello may be known for his leadership in Nabors Industries, a leading land and offshore drilling company in the gas and oil niche. However, Steven Smith’s recent article “Tony Petrello and his Dedication to Philanthropic Causes”, published in Alive Newspaper, demonstrates there is much more to the man than his business savvy and leadership abilities.
The article details the leading oil executive’s recent donations to neurological research for children. Tony Petrello is known throughout Texas for his philanthropy, however it is his recent donation of five million dollars and promise of an additional two million to the medical community that has garnered attention.
The cause is more than just a philanthropic venture for this CEO. He has a personal tie to the research of neurological disorders in children. After all, his daughter Carena has one.
His daughter, now eight-years-old, was born prematurely at twenty-six weeks. The premature birth caused a neurological disorder of cerebral palsy, the reaction of a disease called periventricular leukomalacia. This disorder is often present in premature babies and causes prevents adequate blood flow to the brain.
Carena’s early birth caused her to be too small, weighing only 20 ounces. When she was born her brain could not receive enough oxygen through the blood flow which eventually caused her to develop cerebral palsy.
As Tony Petrello and his wife were looking for treatment for his daughter’s disorder, he discovered that there was a lack in research regarding the condition. Tony was already a member of the Texas Children’s Hospital, serving on the Board of Trustees. When he reached out to a variety of researchers, he discovered that the majority of research on neurological disorders oriented in adult brains rather than children’s. Tony Petrello decided to donate the large sum to his local Texas Children’s Hospital to support the physicians and researchers who helped his young daughter.
However, Tony Petrello’s philanthropic donations don’t end at the hospital, they also expand into education as well. Mr. Petrello, who has a B.S. and M.S. from Yale as well as a Juris Doctorate from Harvard, created a scholarship in the name of his old professor Serge Lang.
Tony Petrello graduated from Yale with his B.S. and M.S. in Mathematics. After graduating from Harvard, he pursued law at Baker & McKenzie where he focused on corporate law and tax law.
He quickly moved into the field of oil and gas by joining Nabors Industries as the COO and as an Executive Committee of the Board. Several years later he earned his way to the titles of both President and CEO of the company.