OneDrive: How to rename "One Drive - Company Name Ltd" folder name

Problem:

Although the latest OneDrive Sync client lets you choose where to locate the OneDrive folder it doesn't appear to let you rename it.

This is creating an unnecessarily long file path, which is preventing files with long paths syncing.

ie, if I select D:\ as the location, the sync client creates:

D:\OneDrive - OurCompanyName Ltd\

This is wasting 30 characters of the precious 260 limit.

I would like to rename this folder something like:

D:\OD-OCN\

Is this possible?

I am using Version 2015 (Build 17.3.6313.0115)

Thanks,

Mark