diff --git a/assets/Powershell_256.ico b/assets/Powershell_256.ico
new file mode 100644
index 0000000000..dfecd8de80
Binary files /dev/null and b/assets/Powershell_256.ico differ
diff --git a/assets/Product.wxs b/assets/Product.wxs
index 1a0b0e44e1..ea1b7f3a7a 100644
--- a/assets/Product.wxs
+++ b/assets/Product.wxs
@@ -14,9 +14,15 @@
   <!-- Generate Your Own GUID for both ID and UpgradeCode attributes. -->
   <!-- Note:  UpgradeCode GUID MUST REMAIN SAME THROUGHOUT ALL VERSIONS -->
   <!-- Otherwise, updates won’t occur -->
-  <Product Id="$(var.ProductGuid)" Name="$(var.ProductVersionWithName)" Language="1033" Version="0.1.0.0" Manufacturer="Microsoft Corporation" UpgradeCode="{f7ba3e58-0be8-443b-ac91-f99dd1e7bd3b}">
+  <Product Id="$(var.ProductGuid)" Name="$(var.ProductVersionWithName)" Language="1033" Version="$(var.ProductVersion)" Manufacturer="Microsoft Corporation" UpgradeCode="{f7ba3e58-0be8-443b-ac91-f99dd1e7bd3b}">
     <!-- Properties About The Package -->
-    <Package Id="*" Keywords="Installer" InstallerVersion="200" Compressed="yes" InstallScope="perMachine" Description="OpenPowerShell package" Comments="OpenPowerShell" />
+    <Package Id="*" Keywords="Installer" InstallerVersion="200" Compressed="yes" InstallScope="perMachine" Description="PowerShell package" Comments="PowerShell for every system" />
+
+    <!-- Add PowerShell icon for executable -->
+    <Icon Id="PowerShellExe.ico" SourceFile="assets\Powershell_256.ico" />
+
+    <!-- Add PowerShell icon in Add/Remove Programs -->
+    <Property Id="ARPPRODUCTICON" Value="PowerShellExe.ico" />
 
     <!-- Set properties for add/remove programs -->
     <Property Id="ARPHELPLINK" Value="$(var.InfoURL)" />
@@ -25,7 +31,7 @@
     <Condition Message="Supported only on Win7SP1 or later"><![CDATA[ Installed OR $(var.Win7SP1OrLater) ]]></Condition>
 
     <!-- Information About When Older Versions Are Trying To Be Installed-->
-    <MajorUpgrade DowngradeErrorMessage="A newer version of OpenPowerShell is already installed." />
+    <MajorUpgrade DowngradeErrorMessage="A newer version of PowerShell is already installed." />
     
     <!-- Embed Cabinet Files in Product-->
     <MediaTemplate EmbedCab="yes" />
@@ -37,7 +43,7 @@
     <UIRef Id="WixUI_Minimal" />
 
     <!-- Features are mandatory.  Need At Least One. -->
-    <Feature Id="ProductFeature" Title="OpenPowerShell" Level="1">
+    <Feature Id="ProductFeature" Title="PowerShell" Level="1">
       <ComponentGroupRef Id="$(var.ProductVersionWithName)"/>
       <ComponentRef Id="ProductVersionFolder"/>
       <ComponentRef Id="ApplicationProgramsMenuShortcut"/>
@@ -48,7 +54,7 @@
 
     <Directory Id="TARGETDIR" Name="SourceDir">
       <Directory Id="ProgramFiles64Folder">
-        <Directory Id="INSTALLFOLDER" Name="OpenPowerShell">
+        <Directory Id="INSTALLFOLDER" Name="PowerShell">
           <Directory Id="$(var.ProductVersionWithName)" Name="$(var.ProductVersion)">
             <Component Id="ProductVersionFolder" Guid="{e1a7f05e-0cd6-4227-80a8-e4fb311f045c}">
               <CreateFolder/>
@@ -59,11 +65,12 @@
       <Directory Id="ProgramMenuFolder">
         <Directory Id="ApplicationProgramsFolder" Name="$(var.ProductVersionWithName)">
           <Component Id="ApplicationProgramsMenuShortcut" Guid="{A77507A7-F970-4618-AC30-20AFE36EE2EB}">
-            <Shortcut Id="OpenPowerShell_ProgramsMenuShortcut"
+            <Shortcut Id="PowerShell_ProgramsMenuShortcut"
               Name="$(var.ProductVersionWithName)"
               Description="$(var.ProductVersionWithName)"
               Target="[$(var.ProductVersionWithName)]PowerShell.exe"
-              WorkingDirectory="$(var.ProductVersionWithName)"/>
+              WorkingDirectory="$(var.ProductVersionWithName)"
+              Icon = "PowerShellExe.ico" />
 
             <RemoveFolder Id="ApplicationProgramsFolder" On="uninstall"/>
 
diff --git a/build.psm1 b/build.psm1
index b61915a2f7..e6b414955e 100644
--- a/build.psm1
+++ b/build.psm1
@@ -504,7 +504,7 @@ Built upon .NET Core, it is also a C# REPL.
     Write-Verbose "Packaging $Source"
 
     if ($IsWindows) {
-        $msiPackagePath = New-MSIPackage -ProductSourcePath $Source -ProductVersion $Version -Verbose
+        $msiPackagePath = New-MSIPackage -ProductSourcePath $Source -ProductVersion $Version -AssetsPath "$PSScriptRoot\Assets" -Verbose
         $appxPackagePath = New-AppxPackage -PackageVersion $Version -SourcePath $Source -AssetsPath "$PSScriptRoot\Assets" -Verbose
 
         $packages = @($msiPackagePath, $appxPackagePath)
@@ -1348,7 +1348,7 @@ function New-MSIPackage
     
         # Name of the Product
         [ValidateNotNullOrEmpty()]
-        [string] $ProductName = 'OpenPowerShell', 
+        [string] $ProductName = 'PowerShell', 
 
         # Version of the Product
         [Parameter(Mandatory = $true)]
@@ -1366,7 +1366,12 @@ function New-MSIPackage
 
         # File describing the MSI Package creation semantics
         [ValidateNotNullOrEmpty()]
-        [string] $ProductWxsPath = (Join-Path $pwd '\assets\Product.wxs')
+        [string] $ProductWxsPath = (Join-Path $pwd '\assets\Product.wxs'),
+
+        # Path to Assets folder containing artifacts such as icons, images
+        [Parameter(Mandatory = $true)]
+        [ValidateNotNullOrEmpty()]
+        [string] $AssetsPath  
 
     )    
 
@@ -1382,9 +1387,21 @@ function New-MSIPackage
     $wixHeatExePath = Join-Path $wixToolsetBinPath "Heat.exe"
     $wixCandleExePath = Join-Path $wixToolsetBinPath "Candle.exe"
     $wixLightExePath = Join-Path $wixToolsetBinPath "Light.exe"
+
+    Write-Verbose "Extract the version in the form of a.b.c.d for $ProductVersion"
+    $ProductVersionTokens = $ProductVersion.Split('-')
+    $ProductVersion = ([regex]::matches($ProductVersion, "\d+(\.\d+)+"))[0].value
+
+    # Need to add the last version field for makeappx
+    $ProductVersion = $ProductVersion + '.' + $ProductVersionTokens[1]
     
-    # Wix tooling does not like hyphen in the foldername
-    $ProductVersion = $ProductVersion.Replace('-', '_')
+    $assetsInSourcePath = "$ProductSourcePath" + '\assets'
+    New-Item $assetsInSourcePath -type directory -Force | Write-Verbose
+
+    $assetsInSourcePath = Join-Path $ProductSourcePath 'assets'
+
+    Write-Verbose "Place dependencies such as icons to $assetsInSourcePath" 
+    Copy-Item "$AssetsPath\*.ico" $assetsInSourcePath -Force
 
     $productVersionWithName = $ProductName + "_" + $ProductVersion
     Write-Verbose "Create MSI for Product $productVersionWithName"
@@ -1420,7 +1437,7 @@ function New-AppxPackage
     
         # Name of the Package
         [ValidateNotNullOrEmpty()]
-        [string] $PackageName = 'OpenPowerShell', 
+        [string] $PackageName = 'PowerShell', 
 
         # Version of the Package
         [Parameter(Mandatory = $true)]
@@ -1471,9 +1488,9 @@ function New-AppxPackage
 
     $appxManifest = @"
 <Package xmlns="http://schemas.microsoft.com/appx/manifest/foundation/windows10" xmlns:uap="http://schemas.microsoft.com/appx/manifest/uap/windows10" xmlns:rescap="http://schemas.microsoft.com/appx/manifest/foundation/windows10/restrictedcapabilities">
-  <Identity Name="Microsoft.OpenPowerShell" ProcessorArchitecture="x64" Publisher="CN=Microsoft Corporation, O=Microsoft Corporation, L=Redmond, S=Washington, C=US" Version="#VERSION#" />
+  <Identity Name="Microsoft.PowerShell" ProcessorArchitecture="x64" Publisher="CN=Microsoft Corporation, O=Microsoft Corporation, L=Redmond, S=Washington, C=US" Version="#VERSION#" />
   <Properties>
-    <DisplayName>OpenPowerShell</DisplayName>
+    <DisplayName>PowerShell</DisplayName>
     <PublisherDisplayName>Microsoft Corporation</PublisherDisplayName>
     <Logo>#LOGO#</Logo>
   </Properties>
@@ -1488,8 +1505,8 @@ function New-AppxPackage
     <rescap:Capability Name="runFullTrust" />
   </Capabilities>
   <Applications>
-    <Application Id="OpenPowerShell" Executable="powershell.exe" EntryPoint="Windows.FullTrustApplication">
-      <uap:VisualElements DisplayName="OpenPowerShell" Description="OpenPowerShell Package" BackgroundColor="transparent" Square150x150Logo="#SQUARE150x150LOGO#" Square44x44Logo="#SQUARE44x44LOGO#">
+    <Application Id="PowerShell" Executable="powershell.exe" EntryPoint="Windows.FullTrustApplication">
+      <uap:VisualElements DisplayName="PowerShell" Description="PowerShell for every system" BackgroundColor="transparent" Square150x150Logo="#SQUARE150x150LOGO#" Square44x44Logo="#SQUARE44x44LOGO#">
       </uap:VisualElements>
     </Application>
   </Applications>