Holcim’s Ram Muthu: Can circular construction scale?
Holcim’s Ram Muthu on circularity, EU regulation, and what it really takes to decarbonize cement at industrial scale....
Leaders Unplugged
Energy
What if Europe’s biggest risk isn’t war – but running out of power?
October 7, 2025 • by David Bach, Felix Zeltner in Leaders Unplugged • 
Podcast available
Vestas CEO Henrik Andersen bluntly talks about Europe’s energy, leadership courage, and why CEOs must step up in a volatile world....
Apple SpotifyIn this episode of Leaders Unplugged, IMD President David Bach sits down with Henrik Andersen, CEO of Vestas, for a raw conversation on Europe’s energy transition and the courage leaders need to navigate it.
Andersen delivers a stark warning on Europe’s complacency: “Europe is 50% dependent on import of energy day in and day out. The truth is we import more LNG gas from Russia than we did in 2022.” He explains how China is building up its alternative energy capacities faster than any other nation – and dismantles hype around unproven solutions, such as hydrogen: “It is a little bit of a dream that is beyond a dream”.
His purpose for being an outspoken leader is clear: “Our kids will say, ‘we will never forgive you because why did you keep talking about something that doesn’t happen?’” And he delivers a strong lesson to his peers: speak out, take blows, and act boldly in a volatile world.
Expert
Authors
Listen to our new series
WEF Unplugged: Geopolitics, sustainability, and a look behind the scenes
Live from Davos: IMD’s Julia Binder and David Bach cut through the headlines on geopolitics, AI, energy – and competing visions for the international order....
Why we should cherish women over 50
Multigenerational teams bring competitive advantages. It’s vital to tap into the wisdom and experience of older workers, urges Shelley Zalis....
Audio available
Inside the transition, with Pictet’s Marie-Laure Schaufelberger
IMD’s Inside the Transition hosts Pictet CSO Marie-Laure Schaufelberger to explore how finance drives the energy transition and ESG strategies....
Learn Brain Circuits
Join us for daily exercises focusing on issues from team building to developing an actionable sustainability plan to personal development. Go on - they only take five minutes.
Explore Leadership
What makes a great leader? Do you need charisma? How do you inspire your team? Our experts offer actionable insights through first-person narratives, behind-the-scenes interviews and The Help Desk.
Join Membership
Log in here to join in the conversation with the I by IMD community. Your subscription grants you access to the quarterly magazine plus daily articles, videos, podcasts and learning exercises.