After being hit by Hurricane Harvey in 2017, Houston residents and those from nearby regions were left homeless and in short of other basic needs. Several well-known organizations including H-E-B and the Houston Food Bank emerged to help those affected. Nabors Industries was also among the companies who came to their rescue. Instead of spending their free time at the company’s recreational centers like they always do, Nabors employees dedicated themselves to helping the locals after the disaster. The company’s Chief Executive Officer Tony Petrello revealed that the employees helped in whatever way possible including going to wherever assistance was needed. Nabors Industries also provided paid time off to its employees as a way of appreciating their work.
Nabors’ employees made contributions worth $173,622 to which Tony Petrello topped up. The contribution was branded Nabors Disaster Relief Fund and it facilitated practical assistance. The company also offered the locals hot meals produced from the company’s kitchen. All these efforts matched Nabors Industries’ traditions of giving back to the society.
As explained by the communications manager of the company, around 120 employees were also victims of the hurricane. Besides the company’s support to Hurricane Harvey victims, Nabors Industries has also supported other organizations, including Bike MS and Susan G. Komen Foundation. The company also offers scholarships to its employees and their children through Nabors Charitable Foundation.
Tony Petrello is also passionate about giving to the less fortunate. He has donated to several charitable events in Houston including organizations researching on neurological disorders in children. Recently, he donated $7 million to Texas Children’s Hospital. His contributions facilitated the initiation of Jan and Dan Duncan Neurological Research Institute, a facility aiming to research and test a cure for childhood disorders.
Through an endowment fund, Petrello also donated $ 150,000 in tribute to his mentor and friend, Professor Lang who passed away recently. As a passionate giver, Tony Petrello states that Nabors Industries will continue giving back to the community even as the company grows.
About Tony Petrello
Tony Petrello is a graduate of Yale University where he received his master’s and bachelor’s degrees in Mathematics. He also studied law at Harvard University. After graduating, he joined Baker & McKenzie law firm which he served until 1991 when he joined Nabors Industries. Before becoming Nabors Industries’ CEO, Tony held several positions in the company, including Chief Operating Officer, Deputy Chairman, and Chief Executive Officer. Tony currently serves as Texas Children’s Hospital’s Director. He is also a Trustee Board member of the hospital. Petrello was recently named among the highest paid CEOs in the U.S.
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