Tony Petrello is a business leader and philanthropist who lives in Houston, Texas. His recent contributions to philanthropy include $5 million that he donated to a research initiative. He also pledged to provide it with another $2 million at a later date. Additionally, he has led fundraising efforts for charity and its ongoing mission.
Tony Petrello is a father who has watched his young daughter struggle with regular activities such as eating breakfast. She is now eight years old and cannot do many activities that people of that age can. This is because she has a neurological disorder due to the events of her birth. She was born when she was at just 24 weeks. Weighing only 20 ounces, she was very premature. Her physicians diagnosed her with periventricular leukomalacia which is a condition that results in insufficient blood flow. The result of this condition is inadequate oxygen in the blood which cuts off oxygen to the body, especially affecting the brain. His daughter, Carena, developed cerebral palsy due to this and have experienced severe developmental delays as a result.
Tony, along with his wife Cynthia, are seeking to do their part in developing treatments for this condition and other neurological disorders suffered by children. They financially support Texas Children’s Hospital which is home to one of the world’s premier research teams into these disorders. The goal is to provide these children with a shot at a better life. The Petrello’s also donated $50 million to the Jan and Dan Duncan Neurological Research Institute which opened in 2010. It is also located at Texas Children’s Hospital.
Tony Petrello got his professional start as a lawyer at a white shoe law firm in New York City. In 1991 he left the legal industry behind and instead moved into oil and gas. He moved to Houston where he became a top executive at Nabors Industries, the largest land-based oil rig operation in the world. He became the company’s chief executive officer in 2011 and is now also the chairman of the board. For years before he had been the president of the company and held other top-level positions.
In his role as the top executive at Nabor Industries, Tony Petrello has led the company through the recent difficulties experienced in the industry due to the lower value of a barrel of oil in recent years. His job is to provide direction to the company including strategic planning.
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