diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index d7a3acaac1..9e65fd9ae0 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.0.1
+current_version = 1.0.2
 parse = (?P<major>\d+)\.(?P<minor>\d+)(\.(?P<patch>\d+))?
 serialize = 
 	{major}.{minor}.{patch}
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 519f7ff1db..87f3ee9d2b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,23 @@
 
 Notable changes to this project will be documented in this file. The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.0.0/),
 
+## [1.0.2] - 2024-01-24
+
+### Cartesian
+
+- Compatibility of `gt4py.next` Fields with `gt4py.cartesian` computations.
+- Fixes for DaCe 0.15.1 compatibility.
+- Added `log10` as native function.
+- Make `scipy` optional: get `scipy` by installing `gt4py[full]` for best performance with `numpy` backend.
+
+### Storage
+
+- Refactored low-level storage allocation.
+
+### Next
+
+See commit history.
+
 ## [1.0.1] - 2023-02-20
 
 First version including the experimental `gt4py.next` aka _Declarative GT4Py_. The `gt4py.next` package is excluded from semantic versioning.
diff --git a/src/gt4py/__about__.py b/src/gt4py/__about__.py
index 57b914f25b..10f4607724 100644
--- a/src/gt4py/__about__.py
+++ b/src/gt4py/__about__.py
@@ -33,5 +33,5 @@
 __license__: Final = "GPL-3.0-or-later"
 
 
-__version__: Final = "1.0.1"
+__version__: Final = "1.0.2"
 __version_info__: Final = pkg_version.parse(__version__)