Ravi Mandalia recently published an article with the Reporter Expert, a website dedicated to independent news for science, health, education, technology, and other markets. Mandalia’s article, “The Good Deeds of Tony Petrello” describes the recent donations of the Nabor’s President and CEO.
Tony Petrello has donated more than seven million dollars to various research initiatives to promote the research of neurological disorders in children. Why this specific cause? Tony Petrello’s eight-year-old daughter, Carena, was born with a neurological disorder that would eventually cause cerebral palsy and other developmental issues.
Because Carena was born so early, at only 24 weeks, the doctors revealed she had periventricular leukomalacia. The disorder is prevalent in children who are born before they come to term. It causes a lack of blood flow to the brain causing neurological disorders.
One can see how this personal cause would lead Tony Petrello to become more involved in the research process. As he and his wife, Cynthia, began searching around the world for answers, they discovered that most research on neurological disorders were studies based on adults rather than kids. After seeing that the research needed support to scale it to the larger needs of the children, the CEO of Nabors Industries donated five million dollars to the research initiative.
Throughout his search for answers, Petrello gained friendships with others looking to make a difference in neurological research. One such relationship was with Dan Duncan, the director of Enterprise. Dan donated more than fifty-million dollars to create the Jan and Dan Duncan Neurological Research Institute.
Tony Petrello’s donation to the Texas Children’s Hospital was made through the desire to improve the life of his daughter and all other children with similar neurological diseases. However, Tony Petrello is also a dedicated philanthropist in the education field.
After his close friend and mentor Serge Lang died last fall, Tony Petrello created an endowment at Yale for $150,000. The scholarship is available to students looking to pursue mathematics, the same subject Mr. Petrello studied in undergrad and in graduate school at Yale.
Tony Petrello graduated from Yale with both his B.S. and his M.S. in mathematics. However, he continued his education at Harvard and graduated with his juris doctorate. After completing his education, he began his career in law at Baker & McKenzie. He became a partner in seven years.
Tony Petrello is known for his work at Nabors where he has been a member of the Board of Directors and Executive Committee of the Board. Nabors is a public company and is one of the leading drilling companies in the oil and gas industry.