Tony Petrello, the CEO of Nabors Industries Limited, recently donated $5 million to Texas Children’s Hospital. The money will be used to fund research that will seek solutions for neurological disorders in children. Tony’s daughter was born premature and suffers from a neurological condition called periventricular leukomalacia. This disorder can cause developmental delays and cerebral palsy. Tony’s eight-year-old daughter suffered so much that she only recently became able to eat cereal without assistance. Tony has earmarked an additional $2 million towards this important research. The ultimate goal is to enable children who suffer from neurological disorders to be able to grow into independent adults.
Tony’s philanthropic efforts extend far beyond his most recent investment. He created the Jan and Dan Duncan Neurological Research Institute at Texas Children’s Hospital in 2007 through a $50 million donation. Tony donated an additional $7 million to Texas Children’s Hospital in 2006 in order to fund research into children’s neurological disorders. He also funded an endowment worth up to $300,000 at Yale University that will benefit mathematics majors. The endowment honors the late Professor Serge Lang who taught mathematics at Yale.
Tony Petrello earned an advanced education from both Yale University and Harvard Law School. He earned both a Bachelor of Science and a Master of Science degree in Mathematics from Yale. Tony later acquired a Juris Doctorate degree from Harvard Law School.
Tony’s first experience in the corporate world began in 1979 when he joined the Baker and McKenzie Law Firm. His solid performance there led to his promotion to Managing Partner in 1986. In 1991, Tony advanced his career by becoming the President of Nabors Industries’ Board of Directors. His hard work in that position earned him a reputation for being able to get things done. Tony was later promoted to Deputy Chairman in 2003. His experience in effective corporate resource management earned him the Chief Operating Officer position until he was promoted to Chief Executive Officer in 2011. Tony’s impressive work as CEO earned him a promotion to Chairman of the Board in 2012. Tony continues to heavily invest his personal wealth into philanthropic efforts that benefit children around the world.
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