In the aftermath of 2017’s Hurricane Harvey, the residents of Houston struggled to piece their lives back together. This was no easy task with many homes destroyed, streets flooded, and the most basic supplies hard to come by. Many volunteers and organizations came to rescue, including Nabors Industries. Under the leadership of Anthony “Tony” Petrello, it has not been uncommon for Nabors to assist when the need arises.
The employees of Nabors share in Petrello’s passion. When many expressed their desire to assist with the clean-up, Nabors offered paid time off in appreciation. Employees scattered along the Gulf Coast to offer help wherever needed. They also started making their own contributions to the effort. These contributions became the Nabors Disaster Relief Fund, with Petrello joining in by matching the $173,622 raised by the employees.
Tony Petrello is well-known in the Houston area for his philanthropy. Raised in a New Jersey working-class home, Petrello has never lost his connection with his past. As a child prodigy in mathematics, Petrello was able to attend Yale with a full scholarship. However, his interests changed and he decided to attend Harvard Law School after graduation.
In 1979 Petrello began his professional career with the law firm of Baker and McKenzie, becoming the managing partner of their New York office. In 1991, Petrello was offered a position on the Board of Directors of Nabors Industries, rising first to President and Chief Operations Officer, and then CEO in 2012. His ongoing leadership has helped the company to expand its acquisitions, adapting and prospering in today’s competitive, ever-evolving market.
Tony and his wife, Cynthia have also continued to pursue their passion for supporting important causes. Nabors Charitable Foundation has offered over $3 million in scholarships for both employees and their children. Petrello has donated a $150,000 endowment to Yale University for students showing promise in the area of Mathematics. And possibly most dear to the Petrellos’ heart is the Duncan Neurological Research Institute. Started by a $7 million donation, the institute is the first of its kind for research into childhood neurological disorders. Tony Petrello also serves as a board member at the Texas Children’s Hospital.
Taking his social responsibility seriously, Petrello has expressed his belief that as Nabors Industries grows, so ought its generosity. No doubt the community will continue to benefit from Tony Petrello’s vision and leadership.
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