Loob ended his playing career as the Elitserien's all-time leading goal scorer with 305 goals combined between the regular season and playoffs. The league created the Håkan Loob Trophy in his honour and awards it to the leading goal scorer. Färjestad retired his jersey number 5 and named him the team's general manager for the 1996–97 season. He served in the role for 11 seasons, during which the team reached the final of the Elitersien playoffs eight times and won four championships. Two of the titles came in his first two seasons as general manager, 1996–97 and 1997–98. He added a third in 2001–02, and the fourth in 2005–06. Loob was promoted to team president in 2008.