diff --git a/bypy/macos/__main__.py b/bypy/macos/__main__.py
index fa2792a4b8..cb42452f53 100644
--- a/bypy/macos/__main__.py
+++ b/bypy/macos/__main__.py
@@ -646,6 +646,7 @@ class Freeze(object):
         base_dir = base_dir or self.contents_dir
         cc_dir = join(base_dir, name, 'Contents')
         exe_dir = join(cc_dir, 'MacOS')
+        rel_path = os.path.relpath(join(self.contents_dir, 'MacOS'), exe_dir)
         os.makedirs(exe_dir)
         for x in os.listdir(self.contents_dir):
             if x.endswith('.app'):
@@ -662,7 +663,10 @@ class Freeze(object):
                 plist['CFBundleExecutable'] = exe + '-placeholder-for-codesigning'
                 nexe = join(exe_dir, plist['CFBundleExecutable'])
                 base = os.path.dirname(abspath(__file__))
-                cmd = [gcc, '-Wall', '-Werror', '-DEXE_NAME="%s"' % exe, join(base, 'placeholder.c'), '-o', nexe, '-headerpad_max_install_names']
+                cmd = [
+                    gcc, '-Wall', '-Werror', '-DEXE_NAME="%s"' % exe, '-DREL_PATH="%s"' % rel_path,
+                    join(base, 'placeholder.c'), '-o', nexe, '-headerpad_max_install_names'
+                ]
                 subprocess.check_call(cmd)
                 with open(join(cc_dir, x), 'wb') as p:
                     plistlib.dump(plist, p)
diff --git a/bypy/macos/placeholder.c b/bypy/macos/placeholder.c
index 79a3f981ae..9ad1426a81 100644
--- a/bypy/macos/placeholder.c
+++ b/bypy/macos/placeholder.c
@@ -36,6 +36,6 @@ main(int argc, char * const *argv, const char **envp) {
         return 1;
     }
     *(t + 1) = 0;
-    snprintf(t + 1, sizeof(realpath_buf) - strlen(path), "%s", EXE_NAME);
+    snprintf(t + 1, sizeof(realpath_buf) - strlen(path), "%s/%s", REL_PATH, EXE_NAME);
     execv(path, argv);
 }