A man has been arrested in connection with the crash
Technology company IQE has confirmed its finance chief, Phillip Rasmussen, was killed in an accident while on holiday over the weekend.
Mr Rasmussen, 47, was hit by a car while cycling in Menorca, Spain.
A 25-year-old American man has been arrested on suspicion of drink driving, after failing a roadside breath test.
“The news of Phil’s death has shocked and distressed all of us at IQE. The tragedy, of course, will be most deeply felt by Phil’s family, who we send our heartfelt condolences to at this terrible time.
“It is also a tragedy for so many of us who considered Phil a friend as much as a colleague,” said IQE’s president and chief executive, Drew Nelson.
“Phil was a great colleague and an accomplished CFO. He made the role his own, contributing so much over his ten years with us to IQE’s current strength; to the detailed and principled way we do things; to the potential we see before us as a firm.
“It has been my gre..