Change account admin name to change the name of a folder owner

Hi all, 

The admin for our Box enterprise account was the previous owner. Instead of migrating ownership to a different account we would like to change the name of the admin account to (Box Admin) in the account settings. 

Would this then changed "Owner" name displaying on the folders? 

This is where I plan on changing the name of the Owner/admin. 

Would the owner's name in the folder properties below change if the name of the admin account was changed in the picture attached above? 

Thanks,