Extending his ongoing philanthropy pursuits. Anthony Petrello, the president and chief executive of Nabors Industries, donated $5 million dollars to support scientific research at the Neurological Research Institute at Texas Children’s Hospital.
Anthony and his wife Cynthia also pledged an additional $2 million to the hospital in the future. The charitable donation will support the struggles against acute and critical neurological disorders.
The research became a personal issue for the Petrello’s following the birth of their daughter, Carena, who was diagnosed with periventricular leukomalacia (PVL), which resulted from insufficient blood flow to her brain also causing cerebral palsy, (releasefact.com/2017/09/tony-petrello-helps-to-launch-the-neurological-research-institute-at-texas-childrens-hospital).
The Texas Children’s Hospital has been ranked fourth among all US children’s hospitals and the aim of the Neurological Research Institute is to find a cure for neurological disorders that have an effect on all children.
Through use of their time and resources to be of assistance in the fight for neurological disorders, Anthony and his wife are both hopeful that relief of the symptoms will come about during their daughter’s lifetime.
According to Anthony and Cynthia, they discovered a lack of research about neurological diseases. Addressing this issue, both Anthony and Cynthia volunteer to often communicate their story to others. They also regularly speak at conventions for families of children who struggle with neurological disorders.
He has told others raising his daughter is the most humbling event he has ever come in contact with.
In addition to his donations, Anthony is also a member of the Board of Trustees of Texas Children’s Hospital.
Anthony was born in Newark, New Jersey and graduated from Yale University and Harvard Law School.
In 1991 Anthony became Deputy Chairman, President and Chief Operating Officer of Nabors Industries. He previously held the office of managing partner of the law firm Baker & McKenzie.(en.wikipedia.org)
He is known for finding pioneering approaches to stay the best in the oil drilling industry. These include providing strategic planning projects, collaborating with his team to make the most of their talents at Nabors Industries and expanding into new areas.
In addition, Anthony has taken on the task to increase profits by making use of his familiarity with corporate tax law.
At the present time, Nabors Industries, which is the largest drilling company in the world, carries out onshore drilling in more than 20 countries worldwide. The company also performs support services for both offshore and onshore oil drilling.