Caddell Dry Dock & Repair Announces Executive Leadership Transition

## Caddell Dry Dock & Repair Announces Executive Leadership Transition One of the United States' most established ship repair and dry dock operators is undergoing a significant leadership transition, with Caddell Dry Dock & Repair Co., Inc. announcing a restructured executive team that signals a new chapter for the storied New York-based company. According to gCaptain, the company has named **Salvatore Molino** as President, while **Steven Kalil** is set to become **Chief Executive Officer**. Founder **John B. Caddell II** will remain actively involved in the business in his capacity as **Chairman**, providing continuity and strategic oversight during the transition. The planned succession reflects a deliberate and structured approach to leadership change — a model increasingly favored by family-founded maritime enterprises seeking to balance institutional knowledge with fresh executive leadership. By retaining John B. Caddell II as Chairman, the company ensures that its founding vision and deep industry relationships remain central to its strategic direction. Caddell Dry Dock & Repair operates one of the largest dry dock facilities on the U.S. East Coast, with operations based at Staten Island, New York. The company has a long history of serving commercial shipping, government, and military vessel repair contracts, making it a significant player in the domestic ship repair sector. Leadership transitions at established maritime service companies are closely watched by industry stakeholders, as they can signal shifts in operational priorities, business development strategies, and client relationship management. The elevation of Molino and Kalil to the company's top two executive roles suggests a forward-looking approach as the firm navigates an evolving ship repair market shaped by fleet modernization, regulatory compliance demands, and increased competition for government contracts. Further details regarding the timeline of the transition and any changes to the company's operational strategy are expected to be communicated in the coming months.