Director of GlobeNet Communications because of a conflict of interest.

The company, which was bought yesterday for $1 billion by an American communications giant, announced his departure stating that he had been nominated as the company's auditors.

In a release GlobeNet said Mr. Conyers, an investment banker with First Bermuda Securities Ltd, would continue his association with the company as an observer on the GlobeNet board and as the company's resident representative in Bermuda.