Complex sentence: In September 1997, it was announced Versace's brother, Santo, and Jorge Saud would serve as the news CEOs of Gianni Versace S.p.A. Versace's sister, Donatella, became the new head of design.
Split into simpler sentences: In September 1997, it was announced that the new CEOs of the Versace company would be Gianni's brother Santo Versace and Jorge Saud. Gianni's sister, Donatella Versace, became the new head of design.