Caddell Dry Dock to Shift Leadership Team in 2027
The Staten Island ship repair firm will install a new CEO and President to manage future growth.
Updated on Oct. 26, 2026 in People
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Caddell Dry Dock and Repair Co., Inc. will transition to a new executive leadership team on January 1, 2027. Steven Kalil moves from President to CEO, while current Executive Vice President Salvatore Molino takes on the role of President.
Why it matters
The leadership change aims to maintain institutional continuity and operational stability at the Staten Island facility. The company plans to leverage this transition to support ongoing growth and future capital investments in its harbor dry dock capabilities.
Steven Kalil transitions to CEO after a 36-year tenure as President, while Salvatore Molino, who joined the executive team in 2022, steps into the President role. The board structure remains stable, with John B. Caddell II continuing as Chairman.
The players
Caddell Dry Dock and Repair Co., Inc.
A Staten Island-based operator of ship repair and dry dock facilities serving the New York Harbor market.
Steven Kalil
The incoming CEO who served as President for 36 years.
Salvatore Molino
The incoming President who has been an Executive Vice President since 2022.
John B. Caddell II
The Chairman of the Board overseeing the company's long-term governance.
The details
The firm is executing a planned succession strategy designed to preserve its established operating principles while shifting management oversight. The structure keeps current leadership roles intact, with William Chapman remaining as Vice President and General Manager and Ciro Galeno, Jr. continuing as Secretary and Treasurer. This arrangement ensures that daily maintenance and repair operations in New York Harbor remain under familiar management as the firm prepares to evaluate new capacity investments.
Timeline
2022: Salvatore Molino joined the executive leadership team.
January 1, 2027: The new executive leadership structure becomes effective.
Market Landscape
This move marks the next phase of the 2022 executive team expansion by elevating Molino to the presidency. It follows a pattern of internal succession planning common among long-standing maritime service firms.
Operators in the harbor services sector should monitor the firm’s upcoming capital investment announcements for signals on future market capacity. The stability of the remaining management team suggests that existing operational protocols and vendor relationships will remain consistent through 2027.
The takeaway
Succession planning for multi-decade leadership roles requires a multi-year lead time to ensure institutional knowledge transfers smoothly. Keep a calendar alert for January 1, 2027, to track if the new leadership shifts its strategy toward increased dry dock and repair capabilities.
Further reading
For more on industry leadership trends, visit the People section.
Source note: This article includes information reported by GCaptain.
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