On June 4, 1935, John E. Otterson[33] became president of the re-emerged and newly renamed Paramount Pictures Inc.[34] Zukor returned to the company and was named production chief but after Barney Balaban was appointed president on July 2, 1936, he was soon replaced by Y. Frank Freeman and symbolically named chairman of the board.[35][36] On August 28, 1935, Paramount Pictures was re-listed on the New York Stock Exchange and when the company was under Balaban's leadership, the studio was successfully relaunched.[37]