AI is everywhere – where are the profits?
Companies are spending billions on artificial intelligence. But are they making any money from it? IMD's Karl Schmedders on hidden costs, vibe coding and how companies can turn AI into business value....
May 14, 2026 • by David Bach in Leaders Unplugged • Podcast available
Outokumpu CEO Kati ter Horst on steel, free trade, Europe’s competitiveness, AI, sustainability, and leading when the old rules are gone....
Apple SpotifyLeaders Unplugged is real talk with the impactful. Candid, honest, actionable – and fresh from behind the scenes. Presented by IMD in collaboration with Remote Daily. Hosted by IMD’s president, David Bach.
Kati ter Horst leads Outokumpu, the world’s leader in sustainable stainless steel, at a moment when the old assumptions of globalization are breaking down.
In this episode of Leaders Unplugged, she joins IMD President David Bach to discuss her transition from board member to first-time CEO, and how she is building a new strategy for her colleagues in nearly 30 countries while navigating tariffs, AI, and geopolitical conflicts.
Kati’s warning is direct: “the rules are gone.” Her call to action is equally clear: “Europe can compete.”
And one of her key learnings from the first 18 months as CEO? “You have to protect your time.”
Leaders Unplugged features real talk with the impactful. Candid, honest, actionable, and fresh from behind the scenes. It is presented by IMD in collaboration with Remote Daily.
President & CEO, Outokumpu
Kati ter Horst is President and CEO of Outokumpu, the Helsinki-based global leader in sustainable stainless steel. She has been in the role since October 2024, after nearly a decade on the company’s board. Before Outokumpu, she held senior leadership roles at Stora Enso and Aliaxis, gaining deep experience in manufacturing, sustainability, and large-scale transformation.
President of IMD and Nestlé Professor of Strategy and Political Economy
David Bach is President of IMD and Nestlé Professor of Strategy and Political Economy. He assumed the Presidency of IMD on 1 September 2024. He is working to broaden and deepen IMD’s global impact through learning innovation, excellence in degree- and executive programs, and applied thought leadership. Recognized globally as an innovator in management education, Bach previously served as IMD’s Dean of Innovation and Programs.
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