Tony Petrello Helps Fund Dallas’ Neurological Research Center For Children
Tony Petrello is an American businessman who serves as the current president and CEO of Nabors Industries, a massive off-shore oil and natural gas company based in Houston, TX. Tony Petrello is one of the highest paid CEOs in the world and one of the most generous. Years ago, Tony and his wife Cynthis Petrello have donated $50 million to the Texas Children’s Hospital in Houston. This donation was to help fund the brand new Jan and Dan Duncan Neurological Research Institute for children that opened in 2010. The center was one of the first basic research institutes in the world that solely focused on children inflicted with neuropsychiatric and neurological diseases.
The successful opening of the neurological research facility meant a lot to the Petrello family. They have a daughter who was born with a neurological disorder that effected her ability to walk, eat and talk. Anthony Petrello and his wife were completely in shock that there were zero research centers that specialized in childhood neurological diseases. Their donation to the children’s hospital will also help educate and reassure other parents that are going through the same thing, seek proper help and received adequate information for their child in need. The Nabors Industries president actively serves as the director of Texas Children’s Hospital.
When Hurricane Harvey destroyed hundreds of homes in Houston, Dallas and many other areas nearby, the aftermath of the storm had affected thousands of individuals for months. Nabors Industries and other local businesses used their resources to help the survivors of the storm. Nabors’ CEO Tony Petrello had provided his employees paid time off to volunteer to help with relief efforts. He also helped set up the Nabors Disaster Relief Fund that had donations totaling $173,622. Petrello matched the donation total and all of the proceeds went to all of the hands-on relief efforts along the entire Gulf Coast. Nabors Industries also kindly opened its on-site kitchen and provided three hot meals a day to the local community.
Tony Petrello went to Yale University and received his Master of Science degree in Mathematics. When his Yale mentor and friend, Prof. Serge Lang, had passed away in 2005, Petrello created an endowment fund worth $150,000 to honor his memory. He then continued to match donations provided by Yale’s alumni. The entire fund was expected to be awarded as a prize to individuals in the mathematics community.