It’s a profoundly different feeling today than the last time Apple’s CEO announced his transition to chairman of the board, and his chosen successor was promoted to replace him as CEO.

In August 2011, Steve Jobs was sick. For years he’d managed to stay a step, sometimes two, ahead of the pancreatic cancer he’d been battling since 2003, but no more. Jobs wrote, in his letter to the company’s board and the Apple community: “I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s CEO, I would be the first to let you know. Unfortunately, that day has come.”

Unfortunately, indeed. Cook inherited a company with extraordinary potential growth in front of it, but in deep existential grief. He led the company — and its community — through that grief and achieved that potential.

The transition Apple and Tim Cook announced today is entirely different. No one’s hand was forced. There is nothing unpleasant. Apple’s business is firing on nearly all cylinders. This year’s iPhone 17 lineup is arguably the best ever. The Mac is more popular than ever — exemplified just last month by the introduction of the $600 MacBook Neo, a machine so fun, with a price so low, that the only problem is that it’s selling so well that Apple is reportedly running out of A18 Pro chips to put in it. The iPad lineup is strong, AirPods remain dominant, and I see Apple Watches on wrists everywhere I go.

Tim Cook is 65 years old, has been CEO for 15 years, and is going out on top. Looking only at the numbers, Cook is the GOAT. But Cook, by all accounts, would be the first to tell us he doesn’t want to be judged by the numbers alone. Or as he famously put it himself at a shareholders meeting, early in his reign, “When we work on making our devices accessible by the blind, I don’t consider the bloody ROI.”

Jobs made the right pick for his successor. And while only time will tell, it sure feels today like Cook has too. Cook has never been a product person and to his credit, he never once pretended to be. (That was John Sculley’s downfall, in a nut.) With the table set by the budding iPhone and nascent iPad products Jobs left behind, Apple didn’t need a product person at the helm in the 2010s. They needed someone to let the existing products blossom and expand. Today, it feels to me like Apple needs a product guy at the helm again. Someone with the itch to spearhead the creation of new things. Of course Cook’s successor came from within the company’s ranks. And John Ternus, more than anyone else at the company, seems like that person.

Here’s Cook, quoted in Apple’s announcement today: “John Ternus has the mind of an engineer, the soul of an innovator, and the heart to lead with integrity and with honor. He is a visionary whose contributions to Apple over 25 years are already too numerous to count, and he is without question the right person to lead Apple into the future. I could not be more confident in his abilities and his character, and I look forward to working closely with him on this transition and in my new role as executive chairman.”

Regarding that new role, Apple’s announcement states:

As executive chairman, Cook will assist with certain aspects of the company, including engaging with policymakers around the world.

Back in December, linking to the Financial Times’s blockbuster scoop accurately foretelling this announcement, I predicted:

I would also bet that Cook moves into the role of executive chairman, and will still play a significant, if not leading, role for the company when it comes to domestic and international politics. Especially with regard to Trump.

Sounds right. The only problem I can see with this arrangement is the potential for Cook to stand over Ternus’s shoulder — keeping Ternus in his shadow. That doesn’t sound like Tim Cook to me. A Bob Iger situation, I do not foresee.

After I gathered my thoughts back in August 2011, under the title “Resigned”, I wrote:

Apple’s products are replete with Apple-like features and details, embedded in Apple-like apps, running on Apple-like devices, which come packaged in Apple-like boxes, are promoted in Apple-like ads, and sold in Apple-like stores. The company is a fractal design. Simplicity, elegance, beauty, cleverness, humility. Directness. Truth. Zoom out enough and you can see that the same things that define Apple’s products apply to Apple as a whole. The company itself is Apple-like. The same thought, care, and painstaking attention to detail that Steve Jobs brought to questions like “How should a computer work?”, “How should a phone work?”, “How should we buy music and apps in the digital age?” he also brought to the most important question: “How should a company that creates such things function?”

Jobs’s greatest creation isn’t any Apple product. It is Apple itself.

I remember writing that piece with such a heavy heart. It hurt. But there was hope. Those words stand up, and I can quote them today in the context of Cook handing the mantle to Ternus with nothing but the hope, and none of the hurt.

CEOs typically leave companies in one of three ways: with a hook, on a gurney, or on their own terms. Cook, seemingly, is doing it entirely on his own terms. One can reasonably argue with certain of his strategic decisions over the years. I certainly have. But I don’t think you can argue that Cook ever did anything for any reason other than what he believed was in the company’s best interest. Not his personal interest. Not employees. Not users. Not shareholders. Not developers (ha!). The company’s interest always came first. There’s a nobility to his singleminded focus on Apple itself, as an abiding institution, and his faith that what’s best for Apple will ultimately prove best for everyone involved with it: employees, shareholders, users, and, yes, even developers. If he’s made mistakes, they’re errors in taste, not mistaken priorities. He is the ultimate company man at the ultimate company.

Cook has transformed Apple in his own image. The company is much more predictable now than it ever was, or could have been, under Jobs. It now runs on an annual schedule that can be printed on a calendar. There is far less drama, and no scandal. And there is seemingly no drama, at all, in this particular transition, despite the incredibly high stakes and the (justifiably) large egos in Apple’s leadership team. Cook inherited the greatest company in the world. He’s handing it over to Ternus in even better shape than what Jobs handed to him. Even the timing of the announcement and the transition, on Apple’s annual calendar, seems perfect. Cook oversees one last WWDC in June, then Ternus takes the helm on the cusp of Apple’s announcement of new iPhones in September. It’s hard to imagine a more orderly, confidence-inspiring, exciting-but-not-at-all-surprising, this-feels-right way to do this.

All of that, I am sure, is just the way Cook wants it.

And, if you agree that Apple itself was Jobs’s greatest product, Cook really is a product person after all.