Chicago, Illinois — February 3, 2026 — Loeb announces the promotion of Eric Schwartz to President. In this role, Schwartz will lead the company’s strategic direction, support growth across all business lines, and continue to advance a team-oriented culture rooted in Loeb’s 146-year history. 

Schwartz joined Loeb in 2020 as Chief Information Officer, where he spearheaded technology-driven initiatives that strengthened the company’s market position. Prior to Loeb, he held leadership roles at several well-known industry leaders in the quantitative finance space, where he focused on innovation through building high-performance technology and teams, successfully scaling multi-asset portfolios as high as $300 million. 

“Eric’s leadership has been transformative for Loeb,” said Howard Newman, Strategic Advisor for Loeb. “Since joining, he has driven 2.5x portfolio growth, repositioned our brand, rebuilt our culture, and built an industry‑renowned team. As I hand the reins to him, his vision, discipline, and innovative use of AI across marketing and operations are already moving our lending and liquidation verticals forward and positioning Loeb for an even stronger future.”

“I couldn’t be more excited and energized to take on the role of President at such a pivotal time in Loeb’s history,” said Eric Schwartz. “Our company’s legacy of innovation and excellence is unmatched, and I am committed to building on that foundation. Together with our incredible team, we will continue to grow across all our verticals, deliver exceptional value to our clients, and maintain a people-first culture.” 

Since 1880, Loeb has supported manufacturers and financial institutions in managing the industrial equipment lifecycle. The company provides asset-based solutions through financing, valuations, auctions, acquisitions, and sales. More information is available at https://www.loebequipment.com/.