I do not know where you found it, but it is not DB2 UDB for LUW syntax.
There is no way to rename a column. You will either have to live with the old column name or:
1) save the data in the table (export)
2) drop table
3) recreate table with column new column name
4) insert the data (import)
5) recreate any objects that were dependant on the table (FK, indexes, etc)
Andy