Category: Company

Tony Petrello and his take on charity

The compassionate nature of many provides a driving force for charity worldwide. This benevolent act of millions of individuals allows many unfortunate people to receive the care and resources necessary to survive. One avid donator is Tony Petrello. Recently, his charitable contributions have included $5 million dollars for research which will help doctors treat and potentially cure neurological conditions in children. However, his generosity doesn’t end there as he is working to increase his total donation to this cause to $7million in the near future. Eight years ago when Petrello became a father to Carena his life changed forever. While her birth brought joy it also carried with it anxiety and fear when she was delivered at only 24 weeks. Many premature children are diagnosed with neurological conditions and to the distress of her parents Carena was one of them. Realizing that ensuring her health would be a life long struggle, Petrello began researching. Eventually his research lead him to Texas Children’s hospital. The hospital since then has been a focus for many of his philanthropic ventures and he has even earned a position on the board of trustees.

His charitable ventures do no begin nor end with the hospital however. Approximately a year ago a good friend of Petrello’s, Serge Lange, passed away. Petrello met Lange his first year at Yale where Lange taught Mathematics. The pair became good friends and Lange was an inspiration to Petrello as well as many other members of the field. To honor his memory Petrello has worked with Yale to create an award in his name to be given to those who excel in the field.

Petrello’s education at Yale provided a vital backbone to his success in the industry. He began there first earning a bachelor’s degree, but going on to earn a master’s in Mathematics from the university. After graduation he opted for a change of scenery and pursued his Juris Doctor at Harvard Law School. Degree in hand Petrello set his eyes on the corporate world. His journey began at Baker & McKenzie in 1979. There he focused generally on corporate law, international arbitration and taxation. Hard work paid off and when he resigned in 1991 he had been a managing partner for five years. From there he moved on to Nabors Industries, a company that focuses on oil drilling and equipment. He entered the company as an elected board member rising eventually to the position he holds today as it’s Chief Executive Officer.

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