Anthony Petrello Finds A New Cause For Philanthropy

As the head of the largest natural gas drilling company in the world, Anthony Petrello has demonstrated an astute business acumen during his tenure, but he is perhaps, just as well-known for his philanthropy. Recently, it was announced that Mr. Petrello would be donating $5 million for a new research initiative, which would be followed up by an additional donation of $2 million. This particular philanthropic effort is particularly close to Mr. Petrello’s heart, as his eight-year-old daughter, Carena, suffers from a neurological disorder that affects her ability to learn tasks at the rate of children not affected by the disorder. Carena recently mastered the ability to eat solid food, which, from the viewpoint of Mr. Petrello, is nothing less than a miracle. Aside from spending countless hours learning to eat solid food, Carena has now moved on to tackling tasks such as walking and talking. After being born prematurely, Carena was diagnosed with periventricular leukomalacia, which is not wholly uncommon for infants, but still comes with a myriad of devastating side effects.

Read more: Tony Petrello: One of the Highest Paid CEO in the Nation

It was Anthony Petrello’s experience with his daughter that spurred him to seek new and alternative methods for treatment. Feeling that transatlantic research would be necessary to the process, Mr. Petrello decided to explore overseas options, while also visiting facilities at Johns Hopkins, UCLA, and Harvard. Ironically, it was an option that was very close to hope which would prove to be most fruitful. When Mr. Petrello discovered the Texas Children’s Hospital, he was immediately taken with their process and would go on to donate $7 million to their causes. Along with his wife Cynthia, Mr. Petrello has remained actively involved in the efforts to discover improved methods for treating neurological disorders, and, as of late, has been on a steady crusade to increase fundraising for the latest research initiative.

Anthony Petrello graduated from Yale University with a degree in mathematics and later attended Harvard Law School. After graduation, Mr. Petrello took a position with the Baker and McKenzie Law Firm in 1979 and would rise to the position of Managing Partner in 1986. In 1991, Mr. Petrello joined Nabors Industries as their President, and in 2006 would hold the position of Chief Executive Officer, as well as Chief Operating Officer. As of 2012, Mr. Petrello is also the Chairman of the Board of Directors, as well as the Chairman of the Executive Committee of the Board.

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