Strategy is no longer an annual exercise or a controlled process with a beginning and an end. It sits permanently on the board table, constantly challenged by forces that move faster than corporate cycles. Among these forces, one has become utterly inescapable: artificial intelligence.

What changed is not only the technology itself, but the parameters of the world in which we operate. When new interfaces like ChatGPT, Claude, and Copilot made intelligence universally accessible and computation globally scalable, the competitive landscape shifted in a way that many companies still underestimate. AI is a fundamental rewiring of how businesses are built, how brands are discovered, how decisions are made, and how power is distributed.

In the future, brands will not primarily live on websites, campaigns, or controlled touchpoints. They will live in conversations. Not only the ones between people, but in the dialogues happening inside large language models — the “thinking substrate” of the AI era. Consumers and investors are already asking these models questions like: “Why do people choose this product?” “Is this company trustworthy?” “What are the alternatives?” If your brand is not part of those conversations, in the right context and with the right information, it effectively does not exist.

This applies equally to consumer brands and to B2B companies, professional services, and listed companies. In a world where people no longer search but converse, discoverability becomes conversational, not algorithmic. Traditional SEO is being replaced by something more fluid: the ability to be found, understood, and recommended within AI-driven dialogues.

Leaders need to internalize that this is not a communication issue; it is a resilience and competitiveness issue. Corporate thinking has been shaped over decades — in some cases, half a century — with assumptions built for a linear, often predictable world. But AI introduces competitors who didn’t exist before, markets you’ve never looked at, and dialogues you cannot control. It produces narratives about your company by reading everything: disclosures, earnings calls, consumer reviews, Reddit threads, academic papers, news cycles, and thousands of micro-signals across languages and regions. And often, unfortunately, also hallucinates the answers. 

For a listed company, this creates a new governance challenge. Disclosures are regulated. AI conversations are not. Yet they shape investor sentiment, consumer perception, employer reputation, and strategic positioning. What happens when your carefully crafted regulatory announcement is reduced to a single sentence by an AI model that interprets it differently from your intention? What happens when the model draws conclusions from unofficial sources and merges them into one narrative? And how do you govern something that spreads across languages, markets, and platforms without boundaries?

This is why the board must now ask: Are we truly AI-ready as a leadership body? Readiness is not about whether the company has pilots, models, or dashboards. It is about whether the board understands the implications of autonomy, speed, scale, and non-linearity. Some boards have already limited the use of tools out of caution. Others have leaned in and allowed automated transcription, analysis, and model-assisted briefings in their governance processes. The next step will be deciding how much autonomy to give to agents. This discussion will change industries.

A brand in the age of AI is not a visual identity or a messaging framework. It is a living information system that moves through global models. It is shaped as much by earned media as by AI-mediated interpretations. It does not respect borders or linguistic limits. You may suddenly find your company referenced in a university case study in a country you’ve never operated in, simply because the model connected your data to a theme.

Boards and leadership teams must therefore understand that the relationship between formal and informal information has changed. People trust AI tools even when they have not followed every link or verified every source. This creates a responsibility for companies to ensure that the data feeding these systems is correct, coherent, and strategically aligned.

We have reached the moment where AI must be brought into the core context of the company: brand, reputation, disclosures, marketing, sales, stakeholder networks, internal processes, and governance. It is not enough to talk about what AI could enable. The question now is what AI will do if we do nothing, because the world around us is already shifting.

In the end, the board’s responsibility is not to predict the future but to prepare the organization to operate in it. That preparation begins with clarity, courage, and a shift in mindset.

And it ends with three unavoidable questions that belong on every board agenda:

  1. How will our brand be found and understood in AI-driven conversations?

  2. How do we ensure our data, disclosures, and narratives remain accurate as models interpret them?

  3. How much autonomy are we willing to grant to AI agents, and where does responsibility lie when they act?

These questions define the next era of brand leadership. They also define which companies will remain relevant in a world where intelligence is no longer scarce, but universal and instantly accessible.


About Kati Sulin:

Kati Sulin is a Nordic business leader with experience in digital transformation across companies such as DNA Oyj, Terveystalo, Ifolor, and Fazer. Her work covers digital operations, e-commerce, data use, and customer processes in multiple industries. 

Sulin has held leadership roles in strategy and digital development and has worked with projects involving brand development, AI deployment, automation, and operational renewal.

Sulin serves on the boards of Apetit Oyj, Madara, LähiTapiola Henkivakuutusyhtiö, and Viestimedia Oy, and has previously served on the boards of Pihlajalinna, Witted Megacorp, and Kalevala Koru Oy.

|

Voices

Brands in the age of AI — It’s time to rewire the corporate mind

Brands in the age of AI — It’s time to rewire the corporate mind

·

5 min read

Credit: Kati Sulin

Credit: Kati Sulin

Strategy is no longer an annual exercise or a controlled process with a beginning and an end. It sits permanently on the board table, constantly challenged by forces that move faster than corporate cycles. Among these forces, one has become utterly inescapable: artificial intelligence.

What changed is not only the technology itself, but the parameters of the world in which we operate. When new interfaces like ChatGPT, Claude, and Copilot made intelligence universally accessible and computation globally scalable, the competitive landscape shifted in a way that many companies still underestimate. AI is a fundamental rewiring of how businesses are built, how brands are discovered, how decisions are made, and how power is distributed.

In the future, brands will not primarily live on websites, campaigns, or controlled touchpoints. They will live in conversations. Not only the ones between people, but in the dialogues happening inside large language models — the “thinking substrate” of the AI era. Consumers and investors are already asking these models questions like: “Why do people choose this product?” “Is this company trustworthy?” “What are the alternatives?” If your brand is not part of those conversations, in the right context and with the right information, it effectively does not exist.

This applies equally to consumer brands and to B2B companies, professional services, and listed companies. In a world where people no longer search but converse, discoverability becomes conversational, not algorithmic. Traditional SEO is being replaced by something more fluid: the ability to be found, understood, and recommended within AI-driven dialogues.

Leaders need to internalize that this is not a communication issue; it is a resilience and competitiveness issue. Corporate thinking has been shaped over decades — in some cases, half a century — with assumptions built for a linear, often predictable world. But AI introduces competitors who didn’t exist before, markets you’ve never looked at, and dialogues you cannot control. It produces narratives about your company by reading everything: disclosures, earnings calls, consumer reviews, Reddit threads, academic papers, news cycles, and thousands of micro-signals across languages and regions. And often, unfortunately, also hallucinates the answers. 

For a listed company, this creates a new governance challenge. Disclosures are regulated. AI conversations are not. Yet they shape investor sentiment, consumer perception, employer reputation, and strategic positioning. What happens when your carefully crafted regulatory announcement is reduced to a single sentence by an AI model that interprets it differently from your intention? What happens when the model draws conclusions from unofficial sources and merges them into one narrative? And how do you govern something that spreads across languages, markets, and platforms without boundaries?

This is why the board must now ask: Are we truly AI-ready as a leadership body? Readiness is not about whether the company has pilots, models, or dashboards. It is about whether the board understands the implications of autonomy, speed, scale, and non-linearity. Some boards have already limited the use of tools out of caution. Others have leaned in and allowed automated transcription, analysis, and model-assisted briefings in their governance processes. The next step will be deciding how much autonomy to give to agents. This discussion will change industries.

A brand in the age of AI is not a visual identity or a messaging framework. It is a living information system that moves through global models. It is shaped as much by earned media as by AI-mediated interpretations. It does not respect borders or linguistic limits. You may suddenly find your company referenced in a university case study in a country you’ve never operated in, simply because the model connected your data to a theme.

Boards and leadership teams must therefore understand that the relationship between formal and informal information has changed. People trust AI tools even when they have not followed every link or verified every source. This creates a responsibility for companies to ensure that the data feeding these systems is correct, coherent, and strategically aligned.

We have reached the moment where AI must be brought into the core context of the company: brand, reputation, disclosures, marketing, sales, stakeholder networks, internal processes, and governance. It is not enough to talk about what AI could enable. The question now is what AI will do if we do nothing, because the world around us is already shifting.

In the end, the board’s responsibility is not to predict the future but to prepare the organization to operate in it. That preparation begins with clarity, courage, and a shift in mindset.

And it ends with three unavoidable questions that belong on every board agenda:

  1. How will our brand be found and understood in AI-driven conversations?

  2. How do we ensure our data, disclosures, and narratives remain accurate as models interpret them?

  3. How much autonomy are we willing to grant to AI agents, and where does responsibility lie when they act?

These questions define the next era of brand leadership. They also define which companies will remain relevant in a world where intelligence is no longer scarce, but universal and instantly accessible.


About Kati Sulin:

Kati Sulin is a Nordic business leader with experience in digital transformation across companies such as DNA Oyj, Terveystalo, Ifolor, and Fazer. Her work covers digital operations, e-commerce, data use, and customer processes in multiple industries. 

Sulin has held leadership roles in strategy and digital development and has worked with projects involving brand development, AI deployment, automation, and operational renewal.

Sulin serves on the boards of Apetit Oyj, Madara, LähiTapiola Henkivakuutusyhtiö, and Viestimedia Oy, and has previously served on the boards of Pihlajalinna, Witted Megacorp, and Kalevala Koru Oy.

Board Programme

Built for Nordic listed company boards.

The only programme in the Nordics designed specifically for listed-company board work.
Five sessions, one cohort, twenty leaders in one room - Helsinki, 2026.

Board Programme

Built for Nordic listed company boards.

The only programme in the Nordics designed specifically for listed-company board work.
Five sessions, one cohort, twenty leaders in one room - Helsinki, 2026.

Authors

Guest columnist

Kati Sulin is a Nordic business leader with experience in digital transformation across companies such as DNA Oyj, Terveystalo, Ifolor, and Fazer. Her work covers digital operations, e-commerce, data use, and customer processes in multiple industries.  Sulin has held leadership roles in strategy and digital development and has worked with projects involving brand development, AI deployment, automation, and operational renewal. Sulin serves on the boards of Apetit Oyj, Madara, LähiTapiola Henkivakuutusyhtiö, and Viestimedia Oy, and has previously served on the boards of Pihlajalinna, Witted Megacorp, and Kalevala Koru Oy.

Guest columnist

Kati Sulin is a Nordic business leader with experience in digital transformation across companies such as DNA Oyj, Terveystalo, Ifolor, and Fazer. Her work covers digital operations, e-commerce, data use, and customer processes in multiple industries.  Sulin has held leadership roles in strategy and digital development and has worked with projects involving brand development, AI deployment, automation, and operational renewal. Sulin serves on the boards of Apetit Oyj, Madara, LähiTapiola Henkivakuutusyhtiö, and Viestimedia Oy, and has previously served on the boards of Pihlajalinna, Witted Megacorp, and Kalevala Koru Oy.

Authors

Guest columnist

Kati Sulin is a Nordic business leader with experience in digital transformation across companies such as DNA Oyj, Terveystalo, Ifolor, and Fazer. Her work covers digital operations, e-commerce, data use, and customer processes in multiple industries.  Sulin has held leadership roles in strategy and digital development and has worked with projects involving brand development, AI deployment, automation, and operational renewal. Sulin serves on the boards of Apetit Oyj, Madara, LähiTapiola Henkivakuutusyhtiö, and Viestimedia Oy, and has previously served on the boards of Pihlajalinna, Witted Megacorp, and Kalevala Koru Oy.

All Listeds newsletters (bundle)

One sign-up, the full picture.

Get every Listeds newsletter: the daily signal drumbeat, the weekly Pulse briefing, the monthly Best of the Month, the CEO letter, and the Weekend read.

By signing up, you agree to our Privacy Policy

All Listeds newsletters (bundle)

One sign-up, the full picture.

Get every Listeds newsletter: the daily signal drumbeat, the weekly Pulse briefing, the monthly Best of the Month, the CEO letter, and the Weekend read.

By signing up, you agree to our Privacy Policy

Latest signalsLive feed
Moves trackerLive feed

Investor Event

Listeds Investor Event · Defence

Nordic defence is in a once-in-a-generation growth cycle. Eight listed and pre-IPO companies pitch to 100+ invited investors at Valkoinen Sali, Helsinki

21 September 2026

Latest on Listeds

Monthly Leadership Moves

August's biggest seats were filled without a search

Sep 17, 2026

Two new listed chief executives, and neither was chosen by the board that will supervise them. Four finance seats moved, and not one went to a first-time CFO.

On 3 August, Aspo named the chief executive of a company that will not trade until January. On 31 August, UPM's shareholders elected the board of one that will not trade until November, six weeks after its chief executive had already been named. Both appointments were internal. Neither went through a search.

According to Listeds Executive Intelligence, Nordic listed companies recorded 57 board and management changes in August: 51 in management teams and 6 at board level. Boards accounted for roughly one change in ten for a second consecutive month — and most of the board activity that did happen was produced by corporate structure rather than by nomination committees. Every one of the month's larger moves was at a Helsinki issuer or at a Helsinki issuer's Nordic subsidiary.

The demergers set the month's bookends

Aspo's board approved the demerger plan separating ESL Shipping into a new listed company on 3 August and appointed Matti-Mikael Koskinen as chief executive of ESL Shipping Group Plc the same day. Koskinen has run ESL Shipping Ltd since 2013. The demerger completes on 31 December, trading is expected to start on or about 4 January 2027, and the company's own board will not be elected until an extraordinary general meeting on 7 December, four months after its chief executive was named. Rolf Jansson, Aspo's chief executive, is intended to be elected chair.

At the other end of the month, UPM's extraordinary general meeting on 31 August approved the plywood demerger and elected WISA Group Plc's board: Tapio Korpeinen as chair, Mats Nordlander as deputy chair, and Sakari Ahdekivi, Frank Herrmann, Nina Kiviranta and Emmanuelle Picard as members. Tuija Suur-Hamari had been named WISA's President and CEO six weeks earlier, on 16 July. The demerger is expected to complete on or about 31 October, with trading from 2 November, nine weeks after the board was seated.

Under the Finnish Corporate Governance Code, appointing the chief executive is the board's own duty. A demerger inverts that sequence, and there is no other way to staff a company that does not yet exist. The consequence, on this author's reading rather than anything either company has said, is that both new boards take office with their most consequential appointment already made, and their first exercise of that duty will be a review rather than a choice.

One thing the WISA sequence does change: Suur-Hamari will be one of a small number of women running a Helsinki-listed company. Listeds’ CEO Index — Finland | Q2 2026 shows women holding 8.1 per cent of the 186 sitting chief executive roles at 30 June, and one of the 25 first-half starts. Women held 8.1 per cent of the 186 sitting chief executive roles at 30 June, and one of the 25 first-half starts. August added a second name to that pipeline — Elli Siltala, appointed chief executive of Raisio plc on 7 August.

The finance seat moved sideways, or not at all

The month's finance moves were the mirror image of a market hiring new talent into the role.

Digia filled its chief financial officer seat on 5 August by taking Vincit's sitting CFO, Kärkkäinen — the second time since 2017 that Digia has filled the role with a sitting CFO from another Nasdaq Helsinki company. Bioretec named Panu Mikkonen chief financial officer from 6 October, the fourth person named to that seat since September 2025, two of them interim. Kempower appointed Juha Jaatinen interim chief financial officer on 13 August. 

No Helsinki company promoted a first-time chief financial officer into the role in August. 

Eight executives named in two days

Three companies named eight executives across 18 and 19 August.

Nordea's 19 August release did two things at once. It merged Group Risk and Group Compliance into a single function under Mark Kandborg, who continues on the Group Leadership Team, with Nahale Ståhl Hallengren as Chief Compliance Officer from the same date, outside the Group Leadership Team. And it filled leadership in the bank's two largest customer units: Per Långsved, who joined Nordea in 2019 as Head of Personal Banking Sweden and Country Senior Executive, becomes Head of Personal Banking and joins the Group Leadership Team; Randi Marjamaa, at Nordea since 2006, takes a newly created Business Banking leadership post and also joins the Group Leadership Team. Sara Mella steps back from operational roles.

Nightingale Health removed its operating chief's role on 19 August and put two commercial chiefs in its place, at the point where its Americas business needs to produce revenue. Janna Ranta, chief operating officer since May 2025, became Chief Commercial Officer, Research and Healthcare. Hugh Watson, who has spent 25 years in United States laboratory diagnostics, joined from outside as Chief Commercial Officer, Americas.

Finnair named its digital and legal chiefs on 18 August. With those two, four of the nine Executive Board functions — people, digital, legal and finance — have a new holder named in 2026. The chief executive, operating, revenue, customer and communications seats have not moved. The rebuild is running from the strongest quarter Finnair has reported, and from a general meeting that rejected the company's remuneration report with 90 per cent of the votes represented against it.

Helsinki issuers hired for their Swedish operations

Two of the month's chief executive appointments were at Swedish subsidiaries, and both went to local candidates rather than to executives moved out from Finland.

Kreate Group appointed Per Anders Quist chief executive of Kreate Sverige AB on 24 August. Quist joins from Trafikverket, the Swedish Transport Administration, where he was responsible for major infrastructure projects, and has NCC Norway experience behind him. Kreate's own framing is that Sweden has run ahead of its strategy target and is now being handed to an executive expected to sustain that pace and to test a permanent Norwegian footprint. Luotea named Rikard Nyhrén, who joins from Intea and Newsec, chief executive of Luotea Sweden, starting by February 2027.

Talent moved the other way too. Siili Solutions' Chief People Officer, Taru Salo, left on 4 August for Attendo, with Timo Miiluniemi stepping in on an interim basis.

What August actually says

Three things follow for boards and nomination committees.

A demerger is a leadership decision long before it is a market event. The chief executives of two companies that will not trade until November and January were settled in July and early August, and shareholders approved them inside a structural vote.

Board changes remain an AGM-season phenomenon. Six board changes against 51 in management teams, with the largest single block produced by one extraordinary general meeting, says that off-cycle board activity in Helsinki is driven by corporate structure rather than by committee work.

And the finance function is where succession planning is thinnest — but the evidence for that is a lateral market and an interim bench, not a hiring pattern break. August's finance seats were filled by people who already held the title, or left open. Whether September's first-time appointments turn into a pattern or revert to the lateral hire is the question the next two months answer.

Market Signals

Six of the nine biggest ownership moves in Helsinki in August required no notification

Sep 16, 2026

Three did. Two of those were the same bond amortisation at one company, and the third — a take-private crossing 90% — filed in September, after the month it belonged to.

August looked quiet on Nasdaq Helsinki flagging notifications. The shareholder registers moved more than the disclosure feed did. Finland's thresholds start at 5%, and most of the month's largest register moves never touched the ladder.

Here is what moved, what was notified, and what the gap between those two sets says about reading Nordic ownership.

Citycon: the take-private the register sees last

G City Ltd's directly registered stake in Citycon grew from 39.50% to 42.55% during August, a gain of 5.6 million shares. 

In the same window the Skandinaviska Enskilda Banken Helsinki Branch nominee account, which had been holding a large Citycon block in custody, shrank by 4.8 million shares. Citibank Europe's custodial line edged down as well.

That is not buying. It is the shares crossing out of nominee registration into G City's own name as the tender offer settles. G City's flagging notification of 2 September puts its total holding at 91.05%, against a directly registered position of 42.55% at the end of August. Both are correct: the rest still sits in custodial accounts, re-registering in tranches. Read alone, the register would tell you G City owns less than half of Citycon.

G City crossed 90% on 1 September, commenced compulsory redemption of the minority shares and will apply to delist. Our Citycon piece this week has the offer periods, the divestment and the parking dispute.

Faron: a new largest register holder, and no new money

Heights Capital Management, through CVI Investments, crossed a threshold in Faron Pharmaceuticals on 4 August and filed the next day: shares up from 7.99% to 9.41%. The same notification shows its holding through financial instruments falling from 12.53% to 11.30%, and combined exposure barely moving, 20.52% to 20.72%. This is a convertible bond converting under the up-to-€35m arrangement Faron entered with a Heights-managed entity in April 2025 — not a purchase. Faron's own treasury holding fell from 10.97% to 9.37% in the same event, through dilution rather than a sale.

Also on the move

Register moves during August. None of these required a notification.

Lemonsoft — Rite Ventures grew from 58.7% to 61.1%, continuing to mop up minority shares after its mandatory tender offer earlier in 2026. 

Bittium — the SEB Helsinki Branch nominee line rose from 7.2% to 9.7%, the largest custodial swing of the month. 

Siili Solutions — Jtel Oy grew from 2.8% to 4.4%. 

Solwers — Terrasolid Ltd grew from 5.5% to 6.7%. 

Tokmanni — the SEB Helsinki Branch nominee stake fell from 13.3% to 12.0%. 

Revenio Group — BlackRock fell from 1.6% to 0.4%.

What the ladder catches

Finnish thresholds run at 5, 10, 15, 20, 25, 30, 50, two-thirds and 90% of shares or votes. Set the nine moves against that ladder:

Move

Notified

Why

Faron — Heights 7.99% → 9.41%

Yes, 5 Aug

Crossed a threshold on the share line

Faron — treasury 10.97% → 9.37%

Yes, 4 Aug

Crossed a threshold on the share line

Citycon — G City 86.51% → 91.05%

Yes, 2 Sept

Crossed 90% on 1 Sept, after the month closed

Lemonsoft — Rite Ventures 58.7% → 61.1%

No

No threshold between 50% and two-thirds

Solwers — Terrasolid 5.5% → 6.7%

No

No threshold between 5% and 10%

Siili — Jtel 2.8% → 4.4%

No

Entirely below 5%

Revenio — BlackRock 1.6% → 0.4%

No

Entirely below 5%

Bittium — SEB nominee 7.2% → 9.7%

No

Custodial nominee line

Tokmanni — SEB nominee 13.3% → 12.0%

No

Custodial nominee line

Both of the August notifications here came from one issuer, and they describe two halves of a single bond amortisation. The largest ownership event of the Helsinki summer filed in September. Read one instrument without the other and you get a month that looks like this one: quiet on the feed, busy on the register.

Join our Pulse, Best-of-the-Week, and Weekend newsletters

Join our Pulse, Best-of-the-Week, and Weekend newsletters