diff --git a/CHANGELOG.md b/CHANGELOG.md
index 9c31f03b2..ab472da5c 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,8 @@ and this project's packages adheres to [Semantic Versioning](http://semver.org/s
 
 ## [Unreleased]
 
+## [2.40.0] - 2023-08-09
+
 ### Added
 
 - Add `--login-timeout` flag to control the time period of OIDC login timeout
@@ -1280,7 +1282,8 @@ This release supports rendering for CRs:
 - `AppCatalog`
 - `App`
 
-[Unreleased]: https://github.com/giantswarm/kubectl-gs/compare/v2.39.0...HEAD
+[Unreleased]: https://github.com/giantswarm/kubectl-gs/compare/v2.40.0...HEAD
+[2.40.0]: https://github.com/giantswarm/kubectl-gs/compare/v2.39.0...v2.40.0
 [2.39.0]: https://github.com/giantswarm/kubectl-gs/compare/v2.38.0...v2.39.0
 [2.38.0]: https://github.com/giantswarm/kubectl-gs/compare/v2.37.0...v2.38.0
 [2.37.0]: https://github.com/giantswarm/kubectl-gs/compare/v2.36.1...v2.37.0
diff --git a/pkg/project/project.go b/pkg/project/project.go
index c158baa4f..eeae1ef4c 100644
--- a/pkg/project/project.go
+++ b/pkg/project/project.go
@@ -5,7 +5,7 @@ var (
 	gitSHA      = "n/a"
 	name        = "kubectl-gs"
 	source      = "https://github.com/giantswarm/kubectl-gs"
-	version     = "2.39.1-dev"
+	version     = "2.40.0"
 )
 
 func Description() string {