Anthony Petrello is the president and CEO of Nabors Industries. He is also a member of Texas Children’s Hospital Board of Trustees. Antony and his wife, Cynthia, donated $5 million and pledged $7 million in a fundraising effort to support a research initiative for kids with neurological diseases at Texas Children’s Hospital.
Their philanthropy is inspired by adversity. Caren, the couple’s eight-year old daughter, suffers from periventricular leukomalacia (PVL). She was diagnosed with the disease, common in infants, at birth. The neurological disease, which is brought about by lack of oxygen and/or blood flow to the brain, caused cerebral palsy and other delayed developmental issues to Caren. After numerous repetitions, their daughter has mastered how to chew food. She is also learning how to walk.
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Anthony Petrello understands the frustration of parents living with kids suffering from neurological diseases. Recently, he conducted a research on different pediatric institutions across the country. Petrello learnt that parents would go out of the way if they were assured half a chance of their kids’ recovery. He realized that something needed to be done to rescue the situation. To demonstrate their commitment to helping other parents cope with these diseases, the couple decided to support the Neurological Research Institute (NRI) at Texas Children’s Center where their daughter is receiving treatment. Texas Children’s Hospital and Baylor College of Medicine developed NRI to foster research collaboration of between 30 and 40 faculties, clinicians and scientists. They seek to develop treatments for neurological diseases in children.
Tony Petrello joined Nabors Industries, the largest drilling contractor worldwide, in 1991. He was appointed to serve as a member of the board of directors. In addition, Tony serves as the chairperson of the executive committee of the board. Over the years, he has held several positions in the company, including being the chief operating officer and deputy chairman. He is in charge of developing strategic plans that enable the company to thrive in the highly competitive industry. Tony is also a director of Hilcorp Energy and Stewart & Stevenson LLC. At Baker & McKenzie’s New York office, the executive served as a managing partner.