When Hurricane Harvey devastated the Houston area, Tony Petrello knew what he had to do.
The CEO of Nabors Industries Ltd., an oil and gas drilling company based in Houston, offered his employees paid time off to help with the hurricane recovery effort. He also matched his employees’ $173,622 donation to the Nabors Disaster Relief Fund. He even let the company use its kitchen to cook hot meals for Houston families.
The cause was personal for Petrello and Nabors. The company estimated that 10 percent of its employees were affected by the storm.
Of course, for those who know Tony Petrello, this philanthropic behavior comes as no surprise. In fact, the CEO is known for his charitable endeavors.
Unlike some CEOs, Petrello did not grow up wealthy. But he worked hard in school and eventually earned a full scholarship to Yale University. He earned his bachelor’s and master’s degrees in Mathematics from the university before getting a Juris Doctor degree from Harvard Law. He then worked for a law firm for more than a decade.
Tony Petrello joined the Nabors Board of Directors in 1991 and became President and CEO in October 2011. But he hasn’t forgotten where he came from, and he has dedicated himself to helping the less fortunate.
There is one cause that is particularly close to his heart. Petrello’s daughter Carena was born at just 24 weeks and weighed only 20 ounces. Carena was diagnosed with a neurological condition called periventricular leukomalacia, or PVL, and she developed cerebral palsy.
After Carena’s birth, Tony Petrello and his wife, Cynthia, searched around the world for possible PVL treatments. However, they soon discovered that few hospitals were doing research on childhood brain disorders.
So, Tony and Cynthia Petrello decided to do something about it. They teamed up with Texas Children’s Hospital to establish the Jan and Dan Duncan Neurological Research Institute, the world’s first facility dedicated to researching childhood neurological conditions. The Petrellos donated $5 million to the institute and have pledged a total of $7 million.
Tony Petrello also enjoys giving back to the college that supported him years ago. He donated $150,000 and pledged up to another $150,000 to establish an award at Yale in honor of his late professor Serge Lang. It is another way he has gone above and beyond to make life better for his fellow Americans.
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