Tony Petrello is a very important person in the world of oil drilling. This is because the company he controls is one of the largest in the United States. It is called Nabors Industries Ltd. Tony has used the wealth he has gained from being CEO of this company to do a lot of good in the world. His philanthropic efforts were the product of his daughter being born with a disease that limits the amount of oxygen that her brain received. This is a very rare disorder. Tony decided that the millions of dollars he was making could be put to very good use. He could spend it on finding a cure.
Tony Petrello was devastated when his daughter was born with a disorder for which there is no cure. Her name is Carena. He has said in various interviews that her illness has given him a greater appreciation for life. It has also turned him into a very big philanthropist who is more than willing to give away millions of dollars in the name of medical research. Tony believes that it is up to wealthy people like him to finance the research that is needed to cure the horrible diseases that are plaguing so many children around the world.
Tony Petrello has done many amazing things since he took charge of Nabors Industries Ltd in 1991. The company was originally founded back in the 1990s. It grew very rapidly and became extremely profitable in the early 1970s. However, the end of that decade and the 1980s were not kind to Nabors. In 1991, the company was on the verge of collapse. They were in desperate need of new leadership. This is why some of the executives for Nabors reached out to Tony. They believed that he was the man to lead the company into a new era of profitability. They turned out to be right.
It was not long before Tony Petrello proved himself to be an outstanding choice as CEO of Nabors. His decisions helped to guide the company in an exciting new direction that had investors smiling for the first time in many years. The stock for Nabors began to soar because of the new strategies that Tony began to implement as soon as he started his job as CEO. He new that the old ways of doing business had to be done away with. He trimmed the fat and minimized expenses. This helped to reduce losses.