Renaming hosts managed by Satellite

Hello,

Forgive my inexperience if this is question is too basic...

We are currently managing a small/medium RHEL 5 environment using Satellite 5.4. We have a few servers whose naming conventions was less than practical and are going to be renaming the servers to reflect a more pragmatic naming convention.

My question is, what is the best way to handle this from a Satellite perspective? Do I simply delete the existing server profile from Satellite, change the hostname of the server and then re-register the server using 'rhn-register?' Or is there a simpler/better way to do this?

If I do delete the profile, wouldn't that also have he effect of losing any history regarding that server in the Satellite environment? I'm not sure if that's a huge deal since we haven't, since I've been in this position...for less than a year...needed to reference the history of events for a given server. But also, because of my lack of experience in this area, I don't know if there are any repercussions that I'm not aware of...or if there is a much simpler way to do this.

Any help or guidance is appreciated. Thanks!!