Despite prevailing global economic uncertainties, the private equity industry remains a magnet for substantial investments, attracting hundreds of billions of dollars. While this may reassure some investors, the key question that needs to be asked is whether private equity firms can consistently secure exceptional CEOs to lead their portfolio companies. Unfortunately, a significant challenge faced by many PE firms is their inability to deliver the desired returns, as nearly half the time, they make erroneous choices when appointing leaders for their portfolio companies.