Lately, it appears that Tony Petrello has been on a great mood of donating his resources. Recently, he gave $5 million to a research initiative. He also donated an additional $2 million towards the same. Notably, he is expected to donate more towards the initiative in the future, as the fundraising an ongoing process.
Petrello understands how unbearable life can be. Each morning, Tony loves having breakfast with his eight-year-old daughter, Carena. She learned how to chew solid food last September. This process took many hours of practice. She learned this crucial task through determination. Presently, Carena has many other projects that she is getting ready to master, including talking and walking. The beautiful girl is undergoing therapy because she has a neurological condition that makes it difficult to master the things that children learn while growing.
One of Tony’s key activities is serving as a member of the Texas Children’s Hospital Board of Trustees. When Tony and his wife learned that they would be facing a challenging journey with Carena, they made it their mission to identify a pediatric research institution that would help many other children having neurological condition. To this end, they investigated different facilities internationally and those at UCLA, Harvard, and John Hopkins. After months of investigation, they came to a conclusion. The children required transatlantic research, which was not done on a level that Tony Petrello thought it should be done. He decided to fund research on neurological problems among kids.
It turned out that the facility that they needed to go to, Texas Children’s Hospital, was within their neighborhood. Tony’s mission is to enable Carena and all children with similar disorder to grow up and become what they want to be. To actualize that dream, he hopes that the Texas Children’s Hospital’s Neurological Research Institute will lead the way. In 2006, Tony donated $7 million to the facility.
Apart from the children’s hospital, Tony was inspired to give toward a yearly prize at Yale University, his Alma mater. He sought to recognize and reward his mentor and friend, Serge Lang, a renowned math professor.
About Tony Petrello
Tony Petrello is the president, chief executive officer, and chairman of the board of Nabors Industries. He was elected to the company’s executive committee of the board in 1991. Between 1991 and 2011, Tony served as the president and chief operating officer, and deputy chairman respectively.
Petrello began his career by working for Baker & McKenzie, a successful law firm where he specialized on general corporate law. He graduated with a Bachelors and Master of Science degrees in mathematics from Yale University. Tony holds a Juris Doctor from Harvard Law School.