Newark, New Jersey native Tony Petrello is chairman and CEO of Nabors Industries, a major oil and gas industry firm. Petrello’s career in that industry came as a surprise to many people that knew him when he was growing up. Tony Petrello was long-known as a math whiz and many expected him to have a career in mathematics. He had earned a scholarship to Yale, studied under noted mathematician Serge Lang, and graduated with a BS and an MS in mathematics. What Petrello did next surprised everyone. He enrolled in Harvard Law School, got a law degree and was hired by the prestigious law firm Baker & McKenzie.
While working as the law firm’s managing partner, Nabors Industries offered Petrello the job as their chief operating officer. He accepted and was soon rising through the ranks at the oil and gas drilling giant. One year after being hired as COO, Tony Petrello was promoted to president. He had such a significant impact on the company’s growth he became deputy chairman, CEO and in 2012 was named board chairman of Nabors Industries. Petrello simultaneously served as director of Hilcorp Energy Company, Stewart & Stevenson LLC and MediaOnDemand.com.
When Carena, the daughter of Tony Petrello and his soap opera star and producer wife Cynthia, was diagnosed at birth with periventricular leukomalacia, Petrello sprung into action. He donated $7 million to Texas Children’s Hospital to help them begin building a neurological research institute. He went on to help them raise the hundreds of millions of dollars it took to complete the world-class facility. Tony Petrello has also remained deeply involved in the development and running of the facility which treats children from all over the world suffering with neurological issues.
Tony Petrello has gone on the serve as Texas Children’s Hospital Incorporated’s director. He is also a member of the Texas Children’s Hospital board of trustees. He is a tireless advocate for the development of effective research and clinical programs designed to address the pressing needs of children throughout the world that are the innocent victims of neurological disorders. With his support the hospital’s Jan and Duncan Neurological Research Institute is now a world leader in finding the causes of and treatments for infants, children and brain-damaged youth struggling mental and physical disabilities.
Some people remember Tony Petrello as the man who was once America’s highest paid CEO with $67 million a year in compensation. however, people involved in patient care and medical research have an entirely different view of him. To them Tony Petrello is a dedicated philanthropist who is passionate about charitable causes related to children’s health. That passion drives the thoughtful, caring Tony Petrello to consistently give generous charitable donations.
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