diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1e4e4aaa03cafc7d02bc9469b2a3e84f345fdc69..9e145fa945888c39502f16d344c729dcb28e0ff0 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,23 @@
 # Changelog
 
+## [1.16.0](https://github.com/hetznercloud/hcloud-cloud-controller-manager/compare/v1.15.0-rc.0...v1.16.0) (2023-06-16)
+
+
+### Features
+
+* **helm:** allow to manually set network name or ID ([#458](https://github.com/hetznercloud/hcloud-cloud-controller-manager/issues/458)) ([8410277](https://github.com/hetznercloud/hcloud-cloud-controller-manager/commit/841027753b1ae140471a4bc862cad425daf725dc))
+
+
+### 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 74e0c2c00082222c0bf6a902218ed9b701fd2195..2103e26381fee3a2d4b0943470b9fb8807804423 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 6eb7bb59102742716b7a1d3bc4168a137fc2e35e..7fe6891c6fc2e5d8a9e061c327f0825713cd95e5 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 e496796c2bf39eec48148735602a1fc1d09b7c11..6f23c953b7617fcc6bca9955326bea774009fd8f 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