A spokesman for the French Treasury said Thursday that Ghosn, who is in jail in Tokyo, was sitting on Wednesday night. The French State owns a 15% stake in Renault ( RNLSY ) .
Ghosn was arrested in Tokyo on November 19. He has been accused by Japanese prosecutors with financial misunderstanding while head of the automaker Nissan ( NSANF ) ). Ghosn denies the charges.
His downfall has strained the global alliance he built between Nissan, Renault and Mitsubishi Motors.
Renault will hold a board meeting on Thursday where it is expected to name a new CEO and CEO to replace Ghosn.
Among the likely candidates are Chief Operating Officer Thierry Bolloré, who was appointed acting CEO after Ghosn's arrest.
Jean-Dominique Senard, who is set to go down as CEO of tire maker Michelin ( MGDDY ) later this year, could be called Renault leader .
By installing a new leadership team, there could be no fear of Renault's future without Ghosn at the helm.