Hess Corp. (NYSE: HES) is making several initiatives marking the culmination of its multi-year strategic transformation into a pure play E&P company.

The company has announced a slate of five independent director nominees for election at this year’s annual meeting, and appointed an additional independent director who will stand for election at the 2014 annual meeting.

According to the release, once complete, the transformed Hess will have a focused portfolio of higher growth and lower risk E&P assets. With attractive, oil linked reserves, Hess anticipates achieving a five year compound ...