Caddell Dry Dock & Repair Co., Inc. has officially announced its leadership transition, effective January 1, 2027. This change represents a new chapter for this ship repair company in the Port of New York while maintaining stability in ownership and strategic direction.
Details of Leadership Changes
Salvatore Molino, currently the Executive Vice President, has been appointed as President of Caddell Dry Dock & Repair Co., Inc., succeeding Steven Khalil, who will transition to the role of CEO after 36 years as President. William Chapman will remain as Vice President and General Manager, and Ciro Galinoy Jr. will continue as Secretary and Treasurer.
John B. Caddell II will continue as Chairman of the Board, overseeing this private company committed to investing in its workforce, facilities, and ship repair capabilities. Khalil stated, "Our responsibility is to build a company that is not only ready for today's work but also prepared for future opportunities and challenges."
Planning for the Next Generation
The leadership transition reflects the deliberate evolution of Caddell's leadership structure following years of investment in the business and long-term planning designed to sustain Caddell's growth and preserve the workforce and operational principles that have defined this company for generations.
Khalil, after 36 years as President, emphasized the importance of retaining experience while creating space for the next generation of leadership. He added, "Proper succession planning preserves this experience while setting the stage for the advancement of the next generation of leadership. Salvatore has a strong understanding of our operations, customers, and industry direction, and I trust his ability to lead Caddell as President."
Khalil will continue to be actively involved in Caddell's strategic direction, business development, customer and industry partner relations, long-term planning, and corporate initiatives as CEO. Molino will take on the responsibility of daily executive leadership of Caddell, overseeing operations and organizational performance.
In this regard, Molino said, "It is an incredible privilege to take on the leadership of a company that has been part of the maritime community in the Port of New York for generations. Our task now is to build upon that foundation and continue investing in our workforce, infrastructure, and capabilities. We intend to grow, but we will do so without losing the skills, accountability, and commitments that have shaped Caddell's reputation."
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