AN Aberporth man has been killed in a reported cycling accident while on holiday in Menorca.

Phillip Rasmussen, 47, died in the incident on the Spanish island on Sunday.

Mr Rasmussen worked as a chief financial officer at Cardiff-based technology firm IQE and company president and chief executive Drew Nelson said: “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.

“Phil was a great colleague and an accomplished CFO. He made the role his own, contributing so much over his 10 years with us.

“It has been my great privilege to work with Phil, to benefit from his good judgement and to count him as a very close friend. We will do everything we possibly can to preserve his legacy at IQE and continue with the shining example he has set for all of us.”

A Foreign Office spokesperson said: “We have offered bereavement advice to the family following the death of a British man in Menorca.”

It is reported a 25-year-old man has been arrested on suspicion of drink-driving in connection with the incident.