How can I force OneDrive to use a new company name so I have a shorter path name?

We have a couple Office 365 setups where the long company name in the OneDrive folder location is problematic.  For example, 'C:\Users\Ryan\OneDrive - Company's Business Name Inc.' uses 54 of the maximum 218 characters supported by Excel 2016.  I've read that I can change the company name to something shorter to get a slight improvement, but I'm having trouble getting the OneDrive client to pick up the change.

For now I only need to force one user account to use a shorter name.  I can re-download all the data from that user account if needed.  I changed the company name on my Office 365 account to test it, but I can't get the OneDrive client to use the new name.  No matter what I do, including setting up my OneDrive account on a clean PC, my account always uses the original, long company name.

How can I get an existing user account to use the updated company name?  For example, if I changed the company name to 'CBN', I want the OneDrive data path to be 'C:\Users\Ryan\OneDrive - CBN'.

Alternatively, is there a better way to get a shorter path name?  I've read through several UserVoice topics (https://onedrive.uservoice.com/forums/913522-onedrive-on-windows/suggestions/8729746-allow-onedrive-for-business-folder-to-be-renamed, https://onedrive.uservoice.com/forums/262982-onedrive/suggestions/9281949-allow-renaming-root-folder-onedrive-folder, https://onedrive.uservoice.com/forums/262982-onedrive/suggestions/12573267-allow-me-to-rename-my-onedrive-folder-name-the-n, https://onedrive.uservoice.com/forums/262982-onedrive/suggestions/17672254-allow-users-to-rename-the-synced-folder-in-the-new), but none of the suggestions I've seen work well.  For example, mapping the path as a network drive comes with several issues; a lack of sync icons, the ability to create paths that are too long and crash the sync client, poor (default) save options in Office, etc..