As of late, Anthony Petrello has been ramping up his philanthropic efforts in order to support a new research incentive. No stranger to philanthropy, his latest cause is one that is near and dear to his heart. Mr. Petrello experiences what he believes to be a miracle each morning, as his eight-year-old daughter, Carena, who was diagnosed with cerebral palsy after being born at just 24 months, has recently begun eating solid food without assistance.
After she was born, Carena was diagnosed with periventricular leukomalacia. While this is somewhat common amongst infants, it is a devastating disability that causes those affected to develop more slowly than what is expected during childhood growth. As this cause is clearly of an intimate nature for Mr. Petrello, he recently decided to donate $5 million in order to back up a new research initiative. Aside from this initial donation, Mr. Petrello has gone on record to state that he will donate an additional $2 million in the future. Although Mr. Petrello has been very proactive in his philanthropy in regards to this initiative, he is also taking a stance to support increased fundraising for further development according to patch.com.
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Around the time Carena was born, Mr. Petrello, along with his wife Cynthia, realized that they would be facing a considerable battle in regards to their daughter’s struggles, and decided to take action by investigating several overseas facilities, as well as those belonging to UCLA, Harvard, and Johns Hopkins. After an extended search, Mr. Petrello realized that the answer to his problems was squarely underneath his nose. Eventually, the Petrello’s, who reside in Texas, discovered the Texas Children’s Hospital, deciding that their services would most adequately tend to their needs. Since finding the Texas Children’s Hospital, Mr. Petrello has become significantly involved with their daily activities, and in 2006, donated $7 million in an effort to discover the causes of neurological diseases in children.
Anthony “Tony” Petrello is the Chief Executive Officer of the largest natural gas and geothermal contractor in the world, Nabors Industries, joining the company as Chief Operating Officer in 1991. Mr. Petrello graduated from Yale University where he received a degree in mathematics, before continuing his education at Harvard Law School. In 2012, Mr. Petrello became the Chairman of the Board of Directors at Nabors Industries.
For more information about Tony Petrello, just visit http://blogs.marketwatch.com/thetell/2014/05/27/why-nabors-ceo-wont-top-best-paid-bosses-list-again-in-2014/