Hurricane Harvey has already been recorded as one of the most damaging storms to ever hit the US, and there is no quick fix to the suffering that the city of Houston and its communities have gone through. But there are many people who’ve opened their checkbooks and have even come alongside emergency personnel to help survivors, and included on the generosity list is Nabors Industries CEO Tony Petrello. Petrello wanted his employees to help if they could, so he gave them a period of time to assist emergency workers for which they were compensated, and he also offered a facility where victims could stay and be given hot meals. He also started a fundraiser for which he donated over $170,000 to match a total of that amount given by other donors.
Nabors Industries has been a world leader in oil drilling technology and Tony Petrello has led several mergers and acquisitions including buying Tesco Corporation just this last year, and also moving into new markets with the Saudi Aramco company. Nabors Industries has invested in many new automated rig systems and uses state-of-the-art analytics systems, and Petrello has led the company’s strategic investment initiative over the last several years. He has had success not only in the oil industry but also in mathematics and law.
Anthony Petrello was raised in New Jersey, and his skills in math were discussed by an old college roommate who now is a journalist. He would often solve problems during lunch breaks, and as a high school student he earned a high enough GPA to attend Yale University. He studied under Serge Lange, a world famous math theory professor and earned both a bachelor’s and master’s in advanced mathematics. Petrello took his numbers skills and applied them to law and finance by completing law school and serving 13 years at Baker & McKenzie, a New York law firm. He left the firm to become chief operating officer at Nabors in 1991, and after taking over as CEO he got a compensation raise of $68.7 million that made him America’s highest-paid CEO.
CEO Tony Petrello loves living in Houston and along with his hurricane Harvey fund, he’s supported education, arts and healthcare foundations. He donated $7 million not long ago to the Texas Children’s Hospital to fund research at their facility. This initiative has been important to Petrello because he is the father of a young girl who has cerebral palsy, and he hopes one day that a cure for it will be found.
Find more about Anthony Petrello: https://www.broadwayworld.com/houston/article/Tony-Petrello-Welcomes-Tommy-Tune-Home-To-Houston-20180104