Otonomy, Inc. announced the appointment of Theodore R. Schroeder to its board of directors, effective August 28, 2015. Most recently, Mr. Schroeder led Cadence Pharmaceuticals from its founding until its acquisition by Mallinckrodt Pharmaceuticals for $1.4 billion in 2014. Mr. Schroeder currently serves on the board of Cidara Therapeutics.

On September 2, 2015, the Board appointed Mr. Schroeder as chairman of the corporate governance and nominating committee of the Board and as a member of the compensation committee of the Board, effective immediately.