Anthony Petrello: From Humble Beginnings to Wealthy Philanthropist

Nabors Industries Ltd. is based in Hamilton, Bermuda. It is a natural gas, oil, and geothermal drilling contractor that operates in many regions across the globe. In October 1991 Anthony G. Petrello became Deputy Chairman, President and Chief Operating Officer of the company.

Previously he was a managing partner of a New York City law firm until he resigned in 1991. Petrello brought his impressive education to Nabors. From humble beginnings as a young math wiz in Newark, New Jersey, he went on to earn a Bachelor of Science degree and a Master of Science degree in Mathematics from Yale University. Then he went on to earn a Juris Doctor degree from Harvard Law School.

From 1979 to 1991, Anthony Petrello worked with the Baker & McKenzie multinational law firm. His practice concentrated on international arbitration, general corporate law, and taxation. In 1991 Petrello moved to Houston to serve as the President and the Chief Operating Officer of Nabors Industries Ltd. He has been the Chief Executive Officer since October 28, 2011. Since June 2012 he has been the Chairman of the Board of Nabors Industries in the Houston office.

Anthony G. Petrello or Tony serves as a Director of the Texas Children’s Hospital. His service there results from a personal challenge. He and his wife Cynthia gave birth to a premature baby girl that suffers from a neurological condition. The child was born after only 24 weeks of development, and she weighed only 20 ounces. The diagnosis was periventricular leukomalacia (PVL) which is a neurological disease in premature babies caused by a shortage of blood or oxygen to the brain. The child developed cerebral palsy which means she has developmental delay issues. Cynthia and Tony gave a generous donation of $5 million to the hospital, and they lead fundraising efforts to endow this first-of-its-kind research. The Petrellos are devoted to finding a cure for their daughter Carena.

Anthony Petrello and his wife Cynthia Petrello hoped to see an institute dedicated to investigating the reasons behind neurological afflictions in children. The Petrellos have become well-known philanthropists in Texas. The Petrellos were overwhelmed by the encouragement and support of their energy industry colleagues as well as their personal friends.

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