A native of New Jersey, Tony Petrello is currently the CEO of Nabors Industries. Petrello has earned several degrees from both Yale University and Harvard University. He has been with Nabors Industries, a leading drill contractor oil company since 1991. In addition to being CEO of Nabors, he has also served on the Board of Directors as well as the Moderator of the Executive Committee.
Although Tony Petrello is a successful businessman, his real passion is in areas that hit closer to home. In 2017, he and Nabors Industries were there for the people of Houston when Hurricane Harvey pounded the city. Workers took time off to help in rescue efforts in the days following the hurricane. The CEO instructed Nabors Industries to pay its workers for time off. He also matched what his workers gave to the relief contributions, which came to $173,622 before his match.
Nearly 10 percent of the company’s 1,200 employees we affected by the storm. These employees were assisted by their employer in numerous ways. They were given paid time off until they could get back on their feet from the devastation that Hurricane Harvey caused.
The helping hand of Tony Petrello and Nabors Industries is not an uncommon sight for the people of Houston. Over the years, such organizations as Bike MS and the Susan G. Komen Foundation have benefitted greatly from Petrello’s generous donations.
One area that Tony and his wife, Cynthia, are passionate about is the work and research conducted at Texas Children’s Hospital. The Petrellos’s have worked closely with this medical facility, largely due to their daughter, Carena, being diagnosed with periventricular leukomalacia (PVL). In doing research, he found that little was know about the disease. Texas Children’s Hospital has the facilities and the interest to do more research on the disease with its goal of finding a cure. To assist the hospital in research, the Petrellos donated $50 million dollars to create the Jan Duncan Neurological Research Facility.
Tony Petrello also reached to his alma mater, Yale University by donating $150,000 to establish a scholarship which honors Yale math professor, Serge Lang, who passed away in 2006. Petrello wanted to honor his mentor, Dr. Lang, and thought that a scholarship would be an idea way of doing so.
Whether donating to disaster relief, giving to medical facilities for research efforts, or establishing scholarships, Tony Petrello truly gives from the heart.
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