Caddell Dry Dock & Repair Announces Leadership Transition

Salvatore Molino Named President; Steven Kalil to Become Chief Executive Officer as John  B. Caddell II Continues as Chairman

Caddell Dry Dock & Repair Co., Inc. has announced a planned executive leadership transition effective January 1, 2027, marking the next chapter for the longstanding New York Harbor ship repair company while maintaining continuity in its ownership and strategic direction.

Salvatore Molino, currently Executive Vice President, will become President of Caddell Dry Dock & Repair Co., Inc., succeeding Steven Kalil, who will transition to Chief Executive Officer after 36 years as President. William Chapman will continue to serve as Vice President and General Manager, and Ciro Galeno, Jr. will continue to serve as Secretary and Treasurer. 

John B. Caddell II will remain Chairman of the Board, continuing his longstanding stewardship of  the privately held company and its commitment to investment in its people, facilities and ship  repair capabilities: 

“Our responsibility is to build a company that is prepared not only for the work in front of us today,  but for the opportunities and challenges that will come decades from now. That philosophy has  guided our investment in Caddell, our people and our facilities, and it is the same philosophy  behind this succession plan.” 

“Steve has dedicated decades to building this company and strengthening its position in the  maritime industry. Salvatore has demonstrated the leadership and vision needed to carry that work  forward. With Steve moving into the CEO role and Salvatore becoming President, we are putting  in place a leadership structure designed to protect what Caddell’s has built while positioning the  company for its future.” 

The succession represents a deliberate evolution of Caddell’s leadership structure following years  of investment in the business and long-term planning intended to position Caddell for continued  growth while preserving the independence, workforce and operating principles that have defined  the company for generations.

Kalil Moves to CEO After 36 Years as President 

“After 36 years as President, what I am most proud of is not simply what we have built, but the  people who built it,” Kalil said. “Caddell’s reputation comes from generations of skilled men and  women who understand this business and take pride in the vessels we repair.” 

“The best succession plans preserve that experience while creating room for the next generation  of leadership to move the company forward. John’s continued commitment to investing in Caddell  gives us that stability. Salvatore understands our operation, our customers and where this industry  is headed. I have tremendous confidence in his ability to lead Caddell as President.” 

Molino to Assume Presidency 

Kalil’s tenure as President has spanned more than three decades of change across the commercial maritime, government vessel and ship repair sectors.

During that period, he has helped guide Caddell’s development in the New York Harbor market while building longstanding relationships with customers, employees and industry partners.

As CEO, Kalil will remain actively involved in Caddell’s strategic direction, business development, major customer and industry relationships, long-term planning and corporate initiatives.

“After 36 years as President, what I am most proud of is not simply what we have built, but the  people who built it,” Kalil said. “Caddell’s reputation comes from generations of skilled men and  women who understand this business and take pride in the vessels we repair.”

“The best succession plans preserve that experience while creating room for the next generation  of leadership to move the company forward. John’s continued commitment to investing in Caddell  gives us that stability. Salvatore understands our operation, our customers and where this industry  is headed. I have tremendous confidence in his ability to lead Caddell as President.”

Molino to Assume Presidency

Molino joined Caddell’s executive leadership team as Executive Vice President in 2022 and has  worked closely with Caddell and Kalil on operational performance, strategic growth, customer  relationships, competitive positioning, facility development and long-term corporate initiatives. 

As President, Molino will assume responsibility for Caddell’s day-to-day executive leadership,  operations and organizational performance while working with Kalil and the company’s  management team to execute its long-term strategy. 

“It is an extraordinary privilege to be entrusted with the leadership of a company that has been part  of New York Harbor’s maritime community for generations,” Molino said. “Our job now is to  build on that foundation. We will continue investing in our workforce, infrastructure and  capabilities while finding new ways to serve our commercial and government customers. We  intend to grow, but we will do it without losing the craftsmanship, responsiveness and  accountability that built Caddell’s reputation in the first place.” 

Positioning Caddell for the Next Generation 

The leadership transition comes as Caddell continues to evaluate investments aimed at expanding  its repair and dry dock capabilities and strengthening its ability to support commercial and  government vessels operating in New York Harbor and beyond.

For Molino, continued investment in both infrastructure and skilled trades will be central to  maintaining Caddell’s competitiveness. 

“Ship repair remains a people-and-infrastructure business,” Molino said. “You need the waterfront  assets and equipment to handle the vessel, but ultimately, it is experienced people who deliver the  project. Our future depends on investing in both.” 

“New York Harbor remains one of the most important maritime gateways in the country, and we  believe there is significant opportunity for a shipyard that can combine experience with continued  investment and modernization. Our objective is to make sure Caddell is positioned to meet that  opportunity for decades to come.” 

Effective January 1, 2027, Caddell’s executive leadership structure will be: John B. Caddell — Chairman of the Board 

Steven Kalil — Chief Executive Officer 

Salvatore Molino — President 

William Chapman – Vice President & General Manager  

Ciro Galeno, Jr. – Secretary & Treasurer 

About Caddell Dry Dock & Repair Co., Inc. 

Caddell Dry Dock & Repair Co., Inc. is a privately owned marine repair and dry dock company  located in Staten Island, New York, serving commercial and government customers in the Port of  New York and New Jersey and the broader maritime industry. 

Caddell provides dry docking, vessel repair and maintenance, fabrication, mechanical, electrical,  piping and related marine services. Through continued investment in its workforce, facilities and  capabilities, the company remains focused on supporting its customers and strengthening its role  within the New York Harbor maritime community.

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