TOTE says that chief executive Anthony Chiarello will retire this summer.

TOTE, which houses the bluewater maritime transportation businesses of diversified conglomerate Saltchuk, cited Chiarello for his "39 years of exemplary service in the maritime industry in a number of leadership roles."

“As I look ahead to my 63rd birthday later this year, it is time for me to spend more time with my family and loved ones.