Addison Duling

Anthony Petrello Contributes His Own Funds To Hurricane Harvey Rescues

Tony Petrello is one of Houston’s top executives as CEO of one of the world’s largest oil drilling companies, Nabors Industries. But he’s also given millions of dollars to charities and humanitarian aid organizations including the Red Cross and local shelter groups that were key in assisting victims of hurricane Harvey. This hurricane, one of the deadliest in history left over $100 billion in damages, and Petrello and other executives at Nabors Industries decided to pitch in and help both financially and by devoting support on the ground. Company workers who volunteered time to help the rescue and cleanup agencies were paid for their time to do it, and there were many who help bring the victims to sheltered areas and prepared hot meals for them. Petrello raised just over $176 in his fundraiser and contributed a matching donation to that.

Tony Petrello first came to Nabors Industries in 1991 as Chief Operating Officer, and 20 years later he assumed the position as CEO and Chairman after Eugene Isenberg passed away. He earned a large compensation in 2013 as part of a shareholder renegotiation and that year earned $68.7 million ranging from base pay and stock and equity holdings in addition to bonuses. Before he came to Nabors Industries, he grew up in New Jersey and was a known math genius. He completed his bachelor’s and master’s degrees in advanced mathematics as a student at Yale University, but he went into law upon graduating and after completing his J.D. and the bar exam, he served for 13 years at Baker & McKenzie law firm. He had been elevated to partner of the firm prior to leaving for Nabors Industries.

Anthony Petrello married a former soap opera actress Cynthia Carrafa and together they’ve become parents to a young girl named Carena. Carena had an illness when she was born that caused periventricular leukomalacia, and one of the most difficult times in Petrello’s life was finding out how this disorder would permanently affect Carena’s life. But he did find out about a neurology research center at the Texas Children’s Hospital that Dan and Jan Duncan had given money to start, and upon meeting the Duncans Petrello told them he would be willing to do what it took to help research into a cure for PVL, cerebral palsy and many other childhood neurological disorders. The research institute has grown both in scope and technological tools available thanks to a $7 million contribution from Tony Petrello.

Search more about Anthony Petrello: http://alivenewspaper.com/2017/09/tony-petrello-and-his-dedication-to-philanthropic-causes/

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