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WATCH: Barack Obama & Donald Trump Meet At The White House

Nov. 10 2016, Updated 5:31 p.m. ET

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President Barack Obama welcomed President-elect Donald Trump to the White House on Thursday for a meeting to ensure a peaceful transition of power in the upcoming months.

During a press conference after their sit-down, Obama shared that "if Trump succeeds, the country succeeds," deeming their first in-person encounter a positive experience.

Trump told reporters that he plans to seek the president's counsel while in office, calling Obama "a very good man."

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"Mr. President, it was a great honor being with you and I look forward to being with you many, many more times," Trump told Obama at the end of their remarks.

Of course, the two powerhouses have a longstanding rivalry.

Even during an address at the White House on Wednesday, Obama conceded: "It is no secret that the president-elect and I have some pretty significant differences, but I am rooting for his success in uniting and leading the country."

Do you think there will be a peaceful transition of power? Sound off in the comments below.

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