Jim Paice Steps Down June 24, 2015 12:00 am First Milk’s chairman, Jim Paice, has announced that he will step down from his role. First Milk has also announced price drops of 1ppl for A volumes from 1st July (the Midlands Balancing pool will see 0.7ppl drop). These announcements come after the company’s financial results showed £22m loss in the year to March 2015.