Mr Savage along with his then wife, Linda, set up Inverness-based recruitment company Orion Group in 1987.
Much of the firm’s early work was related to the North Sea oil and gas industry.
Over the years, Orion Group’s business has expanded into construction, manufacturing, life science and renewable energy.
Linda Savage died in January 2006 aged 53 after a long battle with cancer.
Mr Savage has had a long association with Caley Thistle, and was the Highland club’s chairman between 2006 and 2008.
He took an active involvement again after the its struggles with debts became public last year.
Mr Savage has been providing funding to keep the club going, and by the end of last season had provided about £1m in support.
The businessman has spoken of the need for change at Caley Thistle to help improve its finances.
He has previously suggested its 7,512-capacity stadium, which was opened in 1996 and upgraded in 2004, was too big and costly to run.
Mr Savage said a new stadium could be built at Inverness Campus, a site already home to Inverness College UHI and the NHS’s Highland National Treatment Centre.