FirstEnergy Corp. (NYSE: FE) is extending its title sponsorship with The International Soap Box Derby (ISBD) for three years, covering the period from 2025 to 2027. This renewal continues a partnership that began in 2012 between the two Akron-based entities.
The announcement was made during race week activities of the 86th FirstEnergy All-American Soap Box Derby. Over 320 competitors from the United States, Canada, and Japan are participating in the event, competing for a share of $36,000 in college scholarships. The World Championship races will take place on Saturday, July 20, at Derby Downs in Akron.
Brian Tierney, President and CEO of FirstEnergy, stated: “FirstEnergy is proud to continue our sponsorship of this signature event that brings people to Akron from all over the world. For more than 85 years, the All-American Soap Box Derby has illuminated the importance of design, engineering and construction skills while fostering a spirit of teamwork and friendly competition among our youth. With our renewed sponsorship, we are committed to the ongoing success of these electrifying races and a beloved Akron tradition.”
Scott Taylor, President and CEO of International Soap Box Derby added: “FirstEnergy has been an excellent sponsor of the International Soap Box Derby, providing both financial and volunteer support since 2012. Their continued support enables us to expand our derby racing network and our STEM education programs to new communities worldwide while enhancing the experience for racers and spectators here in Akron during this annual globally recognized event. We are thrilled that FirstEnergy is extending its sponsorship for another three years.”
FirstEnergy Corp., one of the nation’s largest investor-owned electric systems serving customers across Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York through its electric distribution companies. The company’s transmission subsidiaries operate approximately 24,000 miles of transmission lines connecting Midwest and Mid-Atlantic regions.
Founded in 1934 and based in Akron, Ohio, ISBD is a nonprofit organization focused on youth sports and STEM education with over 80 affiliate race locations across North America and Japan.
News Media Contacts:
– FirstEnergy Corp.: Hannah Catlett at hcatlett@firstenergycorp.com or (440) 554-5346
– International Soap Box Derby: Bob Troyer at bob@soapboxderby.org or (312) 543-6703
