Anthony Petrello, also known as Tony Petrello, has been the CEO of Nabors Industries Ltd. for over six years now. During his time as CEO and President, Tony Petrello has been highly successful and provides a helping hand whenever possible. His philanthropic efforts to assist others are certainly noteworthy.
Tony Petrello and his wife Cynthia have been particularly devoted to medical research. The couple has donated millions of dollars towards this area as it is an area they have personal experience with. Their daughter Carena was born prematurely and suffers from periventricular leukomalacia (PVL). In addition, she developed cerebral palsy and other health issues during her early development.
Therefore, Tony and Cynthia have spent a lot of time at the hospital during their lifetime, and are hoping that medical research will eventually provide breakthroughs in treatments or cures. They’ve donated $7 million to the Texas Children’s hospital and were also co-chairs of a campaign to raise another $500 million for the hospital.
In addition to this area of trying to make the world better, Tony Petrello established a special scholarship at his alma mater, Yale University. Tony set up an endowment in honor of his mentor Serge Lang, who was an author, mathematician, and close friend. Following the memorial, Tony donated $150,000 in the form of this endowment as a way to memorialize the man who had a lasting impact on him. The endowment now helps to award an annual prize thanks to Tony’s decision to create it.
His philanthropic efforts also extended towards those affected by Hurricane Harvey in 2017. Nabors Industries was among the companies to pitch in to help as soon as possible. Many of the drilling company’s employees took time off from work to assist where they could with the relief efforts. In addition, the Nabors Disaster Relief Fund raised $173,622 via Nabors employees to provide assistance. CEO Tony Petrello generously matched the amount his employees raised.
In November of 2017, Tony and Cynthia showed their generosity again as they held a cocktail reception for Houston’s own Tommy Tune. The Broadway star was back in his hometown of Houston for a Miller Outdoor Theater show in which he entertained 5,000 fans. The Petrellos hosted a beautiful reception at the Petrello mansion for the Miller Outdoor Theatre advisory board as well as 50 close friends.
The event was said to be a successful occasion enjoyed by those in attendance to welcome the local Broadway star back to his hometown. It’s no surprise that the Petrellos were responsible for such a gracious welcoming.