This document discusses improving the process used by private equity firms for hiring CEOs and CFOs. Recent research found that typical hiring methods used by firms, such as testing, assessments, and interviews, did not statistically predict performance outcomes and could not distinguish highly successful leaders from poorer performers. The document provides recommendations for firms to validate their current processes, including duplicating the research with their own data, taking steps to improve the process without validation like focusing on key competencies, and adding statistically valid predictive methods.