Hassan Khosrowshahi
Chairman
Hassan Khosrowshahi was born in Tehran, Iran in 1940. He was educated in Iran and England and obtained his degree in law and economics from the University of Tehran.
He joined his family company, the Minoo Industrial Group, in 1961. Minoo Industrial Group was a major manufacturer and distributor of food products, pharmaceutical and cosmetics with sales over US $350 million in 1978. Minoo Industrial Group produced products under its own brand names and under license for major international companies such as Beatrice Foods, Sandoz, United Biscuits, L'Oreal Group, Boots, and G.D. Searle. In addition, the Khosrowshahi family through various companies which they controlled had been the exclusive distributors for Nestle S.A. in Iran from 1954 until 1981.
Hassan immigrated to Canada in 1981 and founded the Inwest Group of Companies.
Khosrowshahi is the Chairman of Inwest Group of Companies. He is also a member of the Executive Committee of the Business Council of British Columbia and the Board of Trustees of the Fraser Institute.
Khosrowshahi is married and he and his wife Nezhat have two children.
Kevin Layden
President and CEO

Kevin is the President and CEO of Wesbild. Previously, Kevin was the President of Future Shop when it was purchased from Inwest by Best Buy Co. Inc. in 2001. Most recently, Kevin was the COO of Best Buy International with responsibility of expanding one of the world’s largest retailers in Canada, Mexico, England, Turkey & China. He was instrumental in achieving the success of Future Shop and Best Buy as separate banners, with distinct looks and shopping experiences. The dual brand strategy has exceeded expectations and the model is now being deployed in other countries, such as China. Kevin is also the chairman of Retail Council of Canada, a member of BC Business Council, as well as the Lower Mainland’s 2008 United Way Campaign Cabinet for the Retail and Services Group.
Kevin lives in West Vancouver with his wife Kristy and two young children, Sam and Kelly.
Randy Zien
Deputy Chairman
Randy is Deputy Chairman of Inwest Investments and from 1998 to 2008 was the President of Wesbild Holdings. A lawyer by training, Randy practiced for many years as senior tax partner with Borden Ladner Gervais in Vancouver, Canada. He holds a law degree as well as a Bachelor of Commerce. Randy currently serves on the Board of UBC Properties, the organization that develops and manages the land owned by the University of British Columbia, the Coquitlam Builders' Trust, Collingwood School, Big Sky Golf Course, and the Urban Development Institute, a real estate development industry board. He is a past Governor of the Canadian Tax Foundation and taught for several years as an adjunct professor at UBC Law School.
Ted Ayerst
Senior Vice-President
Ted is Wesbild's Vice-President. Since joining Wesbild in 1989, he has been primarily responsible for all residential land development activities, including Westwood Plateau in Coquitlam, B.C. He is now responsible for all day-to-day activities in regards to the land development division. Ted holds a degree in Urban Planning form Ryerson University in Toronto. Prior to joining Wesbild in 1989, he was responsible for master planned community developments located in British Columbia, Alberta, Ontario and Palm Beach County, Florida.
David Bullus
Vice-President, Development & Construction
David was trained as a City Planner and has worked in the Vancouver development industry since 1981. David holds a post-graduate degree in planning from Leeds University in England. After working as a Development Manager with Imperial Ventures for 5 years - building 900 apartments and the Meridian Hotel (now Sutton Place) - he joined Wesbild to oversee the design and construction of the Station Square Shopping Centre in Metrotown. David was also a key player in the development of Westwood Plateau, overseeing all of the development's design and infrastructure from start to finish. He is currently overseeing the planning and development of the Burke and Turtle Mountain projects.
James Cronk
Vice-President Marketing and Resort Activities
James Cronk joined Wesbild in 1996 and is the Vice-President of Marketing and Resort Activities. James oversees Wesbild’s marketing efforts, as well as building awareness and visibility for Predator Ridge Golf Resort in Vernon, BC. Previously to his current role, James was the Vice-President of Golf for Westwood Plateau Golf and Country Club and the Golf Academy. He has over twenty years of experience in golf and food and beverage, and he is frequently asked by his industry to share his knowledge in management operations and customer service. In 2003 Business In Vancouver Magazine named James one of Vancouver’s ‘Top 40 Business Executives Under 40’.
David Laronde
Associate General Counsel
Since joining Wesbild in 1988 Mr. Laronde's primary responsibility has been to act as counsel for the Wesbild group of companies, including Future Shop Ltd. and its affiliates in Canada and the Western United States.
Mr. Laronde is a member of the Law Society of British Columbia and previously taught Business Law at Simon Fraser University. Prior to joining Wesbild, Mr. Laronde worked with several law firms in downtown Vancouver after obtaining a Bachelor of Science in Cell Biology from UBC, a Bachelor of Arts in Economics from UBC and two law degrees from the University of Detroit JD and the University of Windsor LLB.
Wayne Lee
Vice-President, Investments
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Wayne Lee is Vice-President, Investments. He is responsible for the acquisition, development and disposition of real estate projects and other business ventures in Canada and the US.
Wayne has worked in every facet of real estate development including accounting and finance, feasibility analysis, property management, project management, construction, residential sales and marketing, and commercial leasing.
Wayne graduated from the University of British Columbia in 1984 with a Bachelor of Commerce degree majoring in both Finance and Urban Land Economics. He has worked extensively on the Future Shop store development and real estate programs, Wesbild's shopping centre portfolio in the greater Pacific Northwest, high-rise condominium projects including the award winning City-in-the-Park master planned community in Burnaby, B.C. and land development in the prestigious Westwood Plateau residential community located in Coquitlam, B.C.
Wayne is a member of the Urban Development Institute UDI and the International Council of Shopping Centres ICSC. He is also actively involved in several committees with the Jericho Tennis Club and volunteers with the West Point Grey Academy School.
Dak Molnar
President, Balmoral Shopping Centres Ltd.
Dak Molnar is the President of Balmoral shopping Centres Ltd., a Real Estate acquisitions and consulting company that is exclusively contracted to Wesbild Holdings. Balmoral is responsible for all the acquisitions in Wesbild’s shopping centre group.
Prior to starting Balmoral, Dak spent six years with Colliers International as an investment broker specializing in the sale apartment buildings and shopping centers’ and he also worked in the residential development business for five years with his Father Andre Molnar.
During his career, Dak has been directly involved in over $500 million in transactions as a broker and/or principal.
Ali Rafi
Investment Analyst
Ali comes to Wesbild Holdings Ltd. with over 15 years of management experience in both Real Estate Development and Project Management.
Previously at Future Shop Ltd. he managed the site selection, lease negotiation and construction of the first 50 retail stores.
This effort laid the foundation for phenomenal growth seeing the organization expand to 100 prime real estate locations across Canada.
Ali’s career at Future Shop Ltd. also included a 3½-year position as a Group Product Manager in the Merchandising Dept where he implemented a number of key initiatives related to clearance inventory, which contributed to increased product line profitability.
His past experience combined with his hands-on approach to developing personal and business relationships proves to be a great asset in both understanding real estate development issues and working with public agencies and the real estate community.
Ali graduated in 1972 from Southern Illinois University with a BA, and completed his post graduate studies in Economics in 1975 from London Polytechnics, London, England.
Ali’s role is to investigate market trends, perform research/analysis, and determine the market feasibility for real estate development projects, and other investment opportunities.
Henry Rutgers
Vice-President, Finance
Henry joined Wesbild in 1985 and has been Vice President, Finance since 2002. During his twenty one years with Wesbild, he has been involved in all of the Company's varied real estate development projects during that period. He is responsible for arranging financing for all the Company's new and ongoing real estate investments and oversees the Company's accounting, financial analysis, and treasury functions. Prior to joining Inwest, Henry had a seven year career with Price Waterhouse in Calgary.
Henry holds a Bachelor of Commerce degree from the University of Calgary and is a Chartered Accountant. He is also a member of Financial Executives International.
Tom Sroufe
Senior Vice-President, Shopping Centres
Tom Sroufe is the senior officer of Wesbild Shopping Centres, the retail division of Wesbild Inc. He has been involved in various aspects of the shopping centre industry since graduating from the University of Washington in 1977.
To date, Tom has participated in approximately $1.3 billion of investment sales or financing. He has held senior positions at Winmar, Pan Pacific Realty and Morgan Stanley.
Under Tom's direction, Wesbild has completed approximately $300 million CDN in shopping centre acquisitions and sales in British Columbia, Washington and Idaho since 1994.
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