Joe Fagan

Former Soccer Star, Now Soccer Fan


March 03, 2018

Tony Petrello’s love for philanthropy

In a flooded pool of corporations and establishments, very few make a point to give back to the society except when requirements oblige them to do so. For Nabors Industries, philanthropy has become a culture. This is constantly seen by the way Nabors steps in in times of disasters and crisis in the society. For instance, during the 2017 Harvey Hurricane, Nabors was among the first to respond, reach out and offer a lending hand to the affected members of the community. The hurricane hit close to home for Nabors Industries as some of its own employees were also devastated by the disaster. Nabors held fundraisers and donations and offered relief to the victims. The CEO of Nabors Industries, Tony Petrello is well known in the society as an active humanitarian together with his family.

Tony Petrello and his wife Cynthia Petrello are famed in the community for their Petrello family foundation. Together they have made numerous contributions to the society and have recently developed a passion for the science world. This passion came to be after Cynthia delivered a premature baby who ended up getting multiple medical complications like periventricular leukomalacia and cerebral palsy among other complications. This personal experience struck a fire in them to start donating towards the health care system in the United States, donating over five million dollars to assist in the discovery of new medical research. They do this to help others like their daughter and also to search for a solution for their child’s medical problems through new research and inventions.

Coming from a family with struggling finances, Tony Petrello developed a culture of hard work and determination with the goal of creating a better future for himself and his family. He developed a love affair with mathematics and logic and eventually his potential was recognized by the University of Yale that offered him a full scholarship to pursue mathematics. As he went on with his studies and more sop excelling, Tony developed a separate interest in Law and decided to pursue a law degree from the University of Harvard.Since Tony landed the CEO position at Nabors, a company that deals with the drilling of oil, geothermal and petroleum, he has not deviated from his passion for the community, and he is beloved for doing so.

Source of the article : http://www.bizjournals.com/houston/morning_call/2014/12/nabors-ceo-cfo-take-big-pay-cut.html