Even as Hurricane Harvey left streets in Texas flooded and homes demolished, leading Houston businesses took immediate action to lessen the mass devastation.
Under the leadership of its president and chief executive officer, Anthony (Tony) Petrello, employees at Nabors Industries went anywhere and everywhere to answer the call for help along the Gulf Coast. The world’s largest land-based drilling contractor offered its workers paid time off to help in the relief efforts.
Petrello also matched the company’s employee donations, which amounted to $173,622 before his matching gift giving. The fund, known as the Nabors Disaster Relief Fund, was used for the proactive relief efforts, according to a story at patch.com.
Also as part of its recovery efforts, Nabors Industries made use of its on-site kitchen to make three hot meals ready each day for local families.
Hurricane Harvey, which exploded from a tropical depression to a major hurricane on August 25, is reported to have inflicted nearly $200 billion in damage while displacing nearly 30,000 people from their homes.
Nabors Industries reported the hurricane had an effect on roughly 10 percent of its 1,200 employees.
While Nabors Industries is well respected for its contributions to local crises, Petrello is also acknowledged for his charitable events and philanthropic initiatives.
Petrello, who grew up in Newark, New Jersey, graduated from Yale University with a BS and MS degree in mathematics. He also received a law degree from Harvard University.
Before joining Nabors Industries, Petrello practiced law at the Baker & McKenzie law firm for 12 years with a concentration on general corporate law and worldwide arbitration.
He has carried out the duties of president and chief operating officer at Nabors Industries from 1991 to 2011. In 2012, he was named chairman of the board and chairman of the board’s executive committee.
Petrello, who is well known for giving back to the community, is also recognized as an advocate for research and clinical programs for children with neurological disorders. He is a member of the Board of Trustees of Texas Children’s Hospital.
He donated $7 million to the hospital to work towards helping children with neurological conditions. The donation helped launch the Jan and Dan Duncan Neurological Research Institute, which was the first neurological research center for childhood disorders.
Petrello also actively promotes advancing education. The company’s Nabors Charitable Foundations has delivered more than $3 million in educational scholarships to its employees and their children.