Business & market signals
Financial shifts, corporate moves, and signals shaping Finnish businesses.
Finland grew faster than the US in Q2 but with fewer workers and fewer hours
Finland's GDP grew 0.9 per cent quarter-on-quarter in Q2 2026 — equivalent to roughly 3.6 per cent annualized. That's faster than the US's headline 1.5 per cent, a figure reported on an annualized basis that works out to about 0.37 per cent quarter-on-quarter. Once the two are put on the same footing, Finland's growth outpaces America's. But it came from fewer people working fewer hours. Read more »

Finland grew faster than the US in Q2 but with fewer workers and fewer hours
Finland's GDP grew 0.9 per cent quarter-on-quarter in Q2 2026 — equivalent to roughly 3.6 per cent annualized. That's faster than the US's headline 1.5 per cent, a figure reported on an annualized basis that works out to about 0.37 per cent quarter-on-quarter. Once the two are put on the same footing, Finland's growth outpaces America's. But it came from fewer people working fewer hours. Read more »

African swine fever in Finland halts Atria and HKFoods exports to Japan, China and beyond
Finland has recorded its first-ever case of African swine fever (ASF). On 30 July 2026, a resident near Vaalimaa in Virolahti found three dead wild piglets and brought them to the Finnish Food Authority. Preliminary tests came back positive. Read more »

African swine fever in Finland halts Atria and HKFoods exports to Japan, China and beyond
Finland has recorded its first-ever case of African swine fever (ASF). On 30 July 2026, a resident near Vaalimaa in Virolahti found three dead wild piglets and brought them to the Finnish Food Authority. Preliminary tests came back positive. Read more »

Nokia's chair put half a million euros into the dip. Finland's biggest pension funds went the other way.
The share has given back nearly half its June rally. Once the automatic fee-shares are removed, the insiders still trading on their own account lean one way, and it's the opposite way from the country's biggest pension funds. Read more »

Nokia's chair put half a million euros into the dip. Finland's biggest pension funds went the other way.
The share has given back nearly half its June rally. Once the automatic fee-shares are removed, the insiders still trading on their own account lean one way, and it's the opposite way from the country's biggest pension funds. Read more »

Iberdrola is buying Caruna at a €5 billion valuation. Why Finns are not happy, and why the anger misses the point
Iberdrola, one of Europe’s largest electricity companies, is buying Caruna, the grid that powers 1.5 million Finns. The deal has reignited Finnish anger over foreign ownership of critical infrastructure, and reopened old wounds about how the grid was sold, priced and taxed in the first place. Read more »

Iberdrola is buying Caruna at a €5 billion valuation. Why Finns are not happy, and why the anger misses the point
Iberdrola, one of Europe’s largest electricity companies, is buying Caruna, the grid that powers 1.5 million Finns. The deal has reignited Finnish anger over foreign ownership of critical infrastructure, and reopened old wounds about how the grid was sold, priced and taxed in the first place. Read more »

Titanium's Joni Leskinen reveals his top emerging markets picks
Emerging markets have underperformed developed markets for nearly 15 years, but something has shifted. Titanium's Portfolio Manager Joni Leskinen tells Listeds why he is overweight on South Korea, Taiwan, Brazil, and Poland, and why China and India have been pushed to the sidelines. Read more »

Titanium's Joni Leskinen reveals his top emerging markets picks
Emerging markets have underperformed developed markets for nearly 15 years, but something has shifted. Titanium's Portfolio Manager Joni Leskinen tells Listeds why he is overweight on South Korea, Taiwan, Brazil, and Poland, and why China and India have been pushed to the sidelines. Read more »

Leadership moves
CEO, board, and executive changes in listed companies.
Valmet's Sampo Immonen joins Spinnova as CTO as sustainable fiber pioneer splits technology leadership
Sampo Immonen, head of research and development for Valmet's paper and board machines business, will join Spinnova Plc as chief technology officer no later than Oct. 1, 2026, as the Finnish textile-fiber company reshapes its technology leadership while working to restart production and prepare for industrial-scale manufacturing following a difficult 2025. Immonen will join the management team and report to CEO Janne Poranen, while longtime CTO Juha Salmela moves into the newly created role of chief technology strategy and innovation officer, remaining on the management team, the sustainable fiber pioneer announced recently. The new roles divide responsibility between industrial-scale operations and future technology development. Read more »

Valmet's Sampo Immonen joins Spinnova as CTO as sustainable fiber pioneer splits technology leadership
Sampo Immonen, head of research and development for Valmet's paper and board machines business, will join Spinnova Plc as chief technology officer no later than Oct. 1, 2026, as the Finnish textile-fiber company reshapes its technology leadership while working to restart production and prepare for industrial-scale manufacturing following a difficult 2025. Immonen will join the management team and report to CEO Janne Poranen, while longtime CTO Juha Salmela moves into the newly created role of chief technology strategy and innovation officer, remaining on the management team, the sustainable fiber pioneer announced recently. The new roles divide responsibility between industrial-scale operations and future technology development. Read more »

Mara Zavagno is Konecranes' fourth internal promotion to the top in eighteen months
As Mara Zavagno steps up to lead People & Culture, the pattern behind Konecranes' leadership churn comes into focus: four top-team seats have changed since early 2025, and every one has been filled from inside. Konecranes Plc announced on 29 July 2026 that it will promote Mara Zavagno to Executive Vice President, People & Culture, effective 1 October 2026. Zavagno joins the Leadership Team and reports to President and CEO Marko Tulokas. She succeeds Anneli Karkovirta, who retires after twelve years and leaves the Leadership Team on 1 August 2026. Read more »

Mara Zavagno is Konecranes' fourth internal promotion to the top in eighteen months
As Mara Zavagno steps up to lead People & Culture, the pattern behind Konecranes' leadership churn comes into focus: four top-team seats have changed since early 2025, and every one has been filled from inside. Konecranes Plc announced on 29 July 2026 that it will promote Mara Zavagno to Executive Vice President, People & Culture, effective 1 October 2026. Zavagno joins the Leadership Team and reports to President and CEO Marko Tulokas. She succeeds Anneli Karkovirta, who retires after twelve years and leaves the Leadership Team on 1 August 2026. Read more »

Elim Yeoh joins Neste from BP to lead new North America renewables unit
Elim Yeoh, vice president, Biofuels Growth Americas at oil and gas giant BP, will join Neste as president, Renewable Products, North America on Sept. 1, 2026, to lead the Finnish company's new North American business unit as Neste strengthens executive oversight of Renewable Products, one of its two largest operating businesses. Read more »

Elim Yeoh joins Neste from BP to lead new North America renewables unit
Elim Yeoh, vice president, Biofuels Growth Americas at oil and gas giant BP, will join Neste as president, Renewable Products, North America on Sept. 1, 2026, to lead the Finnish company's new North American business unit as Neste strengthens executive oversight of Renewable Products, one of its two largest operating businesses. Read more »

Jussi Siitonen leaves Fiskars to join Finnair as CFO after airline lifts 2026 revenue guidance
Jussi Siitonen, CFO and deputy CEO of Fiskars Group, will join Finnair as chief financial officer on November 1, 2026, as the airline enters the next phase of its turnaround with stronger earnings, higher revenue expectations and an ambitious multi-year growth strategy. He succeeds Pia Aaltonen-Forsell, who is leaving after roughly a year in the role to join another employer. Read more »

Jussi Siitonen leaves Fiskars to join Finnair as CFO after airline lifts 2026 revenue guidance
Jussi Siitonen, CFO and deputy CEO of Fiskars Group, will join Finnair as chief financial officer on November 1, 2026, as the airline enters the next phase of its turnaround with stronger earnings, higher revenue expectations and an ambitious multi-year growth strategy. He succeeds Pia Aaltonen-Forsell, who is leaving after roughly a year in the role to join another employer. Read more »

Finnair CFO Pia Aaltonen-Forsell joins Valmet as CFO as board weighs two-company split
Pia Aaltonen-Forsell, former CFO of Finnair, will join Valmet as chief financial officer and a member of the executive leadership team no later than the end of January 2027, as the Helsinki-listed industrial technology company advances a strategic review that could separate its two core businesses into independently listed companies. Aaltonen-Forsell succeeds Katri Hokkanen, who will leave the role by the end of September 2026 after nearly four years as CFO and almost two decades with the company, Valmet announced on July 24. On the same day, the board launched a strategic review to assess whether separating the two businesses of Biomaterial Solutions and Services and Process Performance Solutions into independently listed companies would create greater shareholder value. Read more »

Finnair CFO Pia Aaltonen-Forsell joins Valmet as CFO as board weighs two-company split
Pia Aaltonen-Forsell, former CFO of Finnair, will join Valmet as chief financial officer and a member of the executive leadership team no later than the end of January 2027, as the Helsinki-listed industrial technology company advances a strategic review that could separate its two core businesses into independently listed companies. Aaltonen-Forsell succeeds Katri Hokkanen, who will leave the role by the end of September 2026 after nearly four years as CFO and almost two decades with the company, Valmet announced on July 24. On the same day, the board launched a strategic review to assess whether separating the two businesses of Biomaterial Solutions and Services and Process Performance Solutions into independently listed companies would create greater shareholder value. Read more »

Spinnova's product chief exits as Finnish sustainable fiber pioneer works toward 2026 production restart
After five years on Spinnova's management team, Shahriare Mahmood will leave his role as chief product and sustainability officer, as the textile technology company works to restart fiber production during 2026 following a challenging year and a series of leadership changes. Mahmood will remain in the role until October 2026, and Spinnova has not named a successor, according to the recent press release. The departure follows several management team changes at the textile innovation company over the past 16 months, including a founder returning to lead as the CEO. Read more »

Spinnova's product chief exits as Finnish sustainable fiber pioneer works toward 2026 production restart
After five years on Spinnova's management team, Shahriare Mahmood will leave his role as chief product and sustainability officer, as the textile technology company works to restart fiber production during 2026 following a challenging year and a series of leadership changes. Mahmood will remain in the role until October 2026, and Spinnova has not named a successor, according to the recent press release. The departure follows several management team changes at the textile innovation company over the past 16 months, including a founder returning to lead as the CEO. Read more »

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