Only a couple of weeks ago, I hit upon an article in McKinsey Quarterly titled "Transforming a fixed-line incumbent: An interview with Telekom Malaysia's CTO"No, incumbent = the holder of an office: "The incumbent was challenged by a young candidate."
that, with a little imagination, could cover the example.incumbent, adj. a. That lies, leans, rests, or presses with its weight upon something else.
1781 Gibbon Decline & Fall III. xxx. 161 The nations..must have pressed with incumbent weight on the confines of Germany.
1851 C. Merivale Hist. Romans under Empire III. xxvi. 212 All support was withdrawn, and the incumbent mass of the conquerors rushed headlong over the bodies of their adversaries.