Tony Petrello is probably best known in the international business community as the president and CEO of Nabors Industries (NYSE: NBR). He has served in some executive capacity at Nabors Industries since 1991 and has proudly been steering the company in a positive direction ever since. Tony Petrello is responsible for the significant expansion of Nabors Industries in recent years. He has taken this company to new heights in its dominance of the off-shore oil drilling market. In addition to providing top-notch off-shore drilling services around the world, Nabors Industries also offers some of the largest and safest drilling rigs in almost every market.
Although Tony Petrello has been widely praised for the tremendous work he has done on behalf of Nabors Industries, he is receiving even more positive press for his involvement in charitable causes and generous philanthropic donations. They say everything is bigger in Texas, and this could not be truer for Tony Petrello’s generous spirit and devotion to his community. For example, Tony Petrello and his wife just announced a $5 million initial donation to the Neurological Research Institute at Texas Children’s Hospital. They are also slated to give an additional $2 million to the hospital in coming years. This donation will enable children to receive top-notch treatment from the world’s leading doctors and surgeons in their fight against debilitating and life-threatening neurological disorders.
This cause is very personal for Petrello and his wife. They have an eight-year-old daughter who has suffered from periventricular leukomalacia (PVL), which also caused her to develop cerebral palsy. She developed this condition as a result of insufficient blood flow to her brain as an infant. The Petrellos’ daughter now must learn how to do some of the most basic functions that other children pick up naturally during her development. Tony Petrello and his wife have been committed to finding the best care for their daughter and have done everything possible to work with her developmental disabilities throughout her life. This has given Tony Petrello incredible perspective on the needs of sick children around the world, and he has used his time, talents and resources to do whatever he can to help in their fight.
The ultimate goal of the Neurological Research Institute is to find a cure for the neurological disorders affecting children of all ages. Tony Petrello says that he and his wife have never given up hope that this will happen at some point during their daughter’s lifetime. They have been extremely complimentary of all the doctors who have devoted their professional lives to finding a cure and working to ease the suffering of children afflicted with neurological disorders. Tony Petrello and his wife are frequent guest speakers at conventions for parents and family members of children touched by neurological disorders. They are always very open and candid in sharing their story in the hopes that it could bring peace and inspiration to other families faced with this enormous challenge. Even though they both have extremely busy schedules, Tony Petrello and his wife are the first to volunteer for charitable events and speaking or writing opportunities whenever they think it can benefit the fight to end neurological disorders for good.
When Tony Petrello speaks about the trials and tribulations of raising a daughter with a severe developmental disability, he shares that it was the most humbling thing he has ever experienced. No amount of perseverance or willpower on his own part can solve the ultimate issue afflicting his daughter, which is why Tony Petrello has been so involved in connecting with doctors and researchers who are committed to curing these disorders. He knows that his resources are best spent in the support of others’ talents and is quick to credit all of the positive progress that his daughter has been making recently to the talents of her daughters and the steadfast love and encouragement of her parents. This is a powerful message for many families to fear because they often feel helpless in figuring out how to live their lives the best way possible for their children.
More About Anthony Tony Petrello
Tony Petrello has had success in almost every business venture that he has undertaken. Before he joined Nabors Industries in an executive capacity, Tony Petrello had a very successful law practice at the Baker & McKenzie law firm. He served as a managing partner and was known for his in-depth knowledge and practical experience in corporate taxation issues. Clients flocked to Tony Petrello for his ability to break down complex legal issues into discernable solutions. He was always willing and able to rise to the challenge and never shied away from an opportunity to help out a client in a tough situation.
Tony Petrello has been applying the invaluable skills that he accumulated as an attorney in his executive roles at Nabors Industries ever since he left Baker & McKenzie. His leadership vision has proven to be very forward-thinking and based on the collaboration of talented team members. Tony Petrello is always looking for ways to incorporate the talents and experience of his team members and is known for his collaborative leadership style. Tony Petrello says that this is one of the reasons why Nabors Industries has been able to find new and innovative ways to stay at the very top of the oil drilling industry. He has expertly capitalized on the talents of the top engineers at Nabors Industries to expand their operations into new areas and perform each project more efficiently than ever before.
In addition to all of the amazing operational advancements that Tony Petrello has helped achieve at Nabors Industries, he has also been responsible for drastically increasing its profits through his knowledge of corporate tax law. It is rare that such a large corporation is able to land and retain an executive who has specialized knowledge of corporate taxation issues as well as the vision to take an international company into unchartered territory. While many corporate tax experts are often averse to risk and prefer to stay in their sandbox, Tony Petrello goes beyond corporate and legal compliance with his strategies. He is always pushing the boundaries to see how far he can help Nabors Industries to become the premier choice in off-shore oil drilling.
When asked about what might be next on the horizon for Nabors Industries under his direction, Tony Petrello has responded that only time will tell. The company has been heading in such a positive direction, that investors are more than willing to keep pouring funds into the company and reaping the rewards.