diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1e4e4aaa0..f5bc41211 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,24 @@
 # Changelog
 
+## [1.16.0](https://github.com/hetznercloud/hcloud-cloud-controller-manager/compare/v1.15.0-rc.0...v1.16.0) (2023-05-15)
+
+
+### Features
+
+* Go 1.20 ([#426](https://github.com/hetznercloud/hcloud-cloud-controller-manager/issues/426)) ([892c20e](https://github.com/hetznercloud/hcloud-cloud-controller-manager/commit/892c20e199e1aee64e731aa9f05e9320dfc5d1bd))
+* publish ARM container images ([#420](https://github.com/hetznercloud/hcloud-cloud-controller-manager/issues/420)) ([1c9294b](https://github.com/hetznercloud/hcloud-cloud-controller-manager/commit/1c9294bbf64afce1cbd07111d3ab7b43c1adf318))
+
+
+### Bug Fixes
+
+* **ci:** qemu binfmt wrappers during release ([#421](https://github.com/hetznercloud/hcloud-cloud-controller-manager/issues/421)) ([84a7541](https://github.com/hetznercloud/hcloud-cloud-controller-manager/commit/84a754170eab6ed8f91035c84692d9cd82712254))
+* **routes:** Only delete routes in the Cluster CIDR ([#432](https://github.com/hetznercloud/hcloud-cloud-controller-manager/issues/432)) ([c35d292](https://github.com/hetznercloud/hcloud-cloud-controller-manager/commit/c35d292b72003bd48203a6fa0fa476113633406a))
+
+
+### Continuous Integration
+
+* setup release-please ([#437](https://github.com/hetznercloud/hcloud-cloud-controller-manager/issues/437)) ([bbec89e](https://github.com/hetznercloud/hcloud-cloud-controller-manager/commit/bbec89ef9e1c6bf75b06dec4abdafc14afe549c9))
+
 ## v1.15.0
 
 Affordable, sustainable & powerful! 🚀You can now get one of our Arm64 CAX servers to optimize your operations while minimizing your costs!
diff --git a/chart/Chart.yaml b/chart/Chart.yaml
index 74e0c2c00..2103e2638 100644
--- a/chart/Chart.yaml
+++ b/chart/Chart.yaml
@@ -1,4 +1,4 @@
 apiVersion: v2
 name: hcloud-cloud-controller-manager
 type: application
-version: v1.15.0 # x-release-please-version
+version: v1.16.0 # x-release-please-version
diff --git a/deploy/ccm-networks.yaml b/deploy/ccm-networks.yaml
index 6eb7bb591..7fe6891c6 100644
--- a/deploy/ccm-networks.yaml
+++ b/deploy/ccm-networks.yaml
@@ -83,7 +83,7 @@ spec:
                 secretKeyRef:
                   name: hcloud
                   key: network
-          image: hetznercloud/hcloud-cloud-controller-manager:v1.15.0 # x-release-please-version
+          image: hetznercloud/hcloud-cloud-controller-manager:v1.16.0 # x-release-please-version
           ports:
             - name: metrics
               containerPort: 8233
diff --git a/deploy/ccm.yaml b/deploy/ccm.yaml
index e496796c2..6f23c953b 100644
--- a/deploy/ccm.yaml
+++ b/deploy/ccm.yaml
@@ -75,7 +75,7 @@ spec:
               valueFrom:
                 fieldRef:
                   fieldPath: spec.nodeName
-          image: hetznercloud/hcloud-cloud-controller-manager:v1.15.0 # x-release-please-version
+          image: hetznercloud/hcloud-cloud-controller-manager:v1.16.0 # x-release-please-version
           ports:
             - name: metrics
               containerPort: 8233