diff --git a/charts/opentelemetry-operator/Chart.yaml b/charts/opentelemetry-operator/Chart.yaml
index 176a832d6..da744d6f1 100644
--- a/charts/opentelemetry-operator/Chart.yaml
+++ b/charts/opentelemetry-operator/Chart.yaml
@@ -1,6 +1,6 @@
 apiVersion: v2
 name: opentelemetry-operator
-version: 0.40.0
+version: 0.41.0
 description: OpenTelemetry Operator Helm chart for Kubernetes
 type: application
 home: https://opentelemetry.io/
@@ -11,4 +11,4 @@ maintainers:
   - name: dmitryax
   - name: TylerHelmuth
 icon: https://raw.githubusercontent.com/cncf/artwork/a718fa97fffec1b9fd14147682e9e3ac0c8817cb/projects/opentelemetry/icon/color/opentelemetry-icon-color.png
-appVersion: 0.86.0
+appVersion: 0.87.0
diff --git a/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml b/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
index df5cd3b99..d9e2b018a 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/admission-webhooks/operator-webhook-with-cert-manager.yaml
@@ -6,9 +6,9 @@ metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
@@ -85,9 +85,9 @@ metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
diff --git a/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml b/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
index c0ffacc21..533c33294 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
@@ -4,9 +4,9 @@ apiVersion: cert-manager.io/v1
 kind: Certificate
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
@@ -29,9 +29,9 @@ apiVersion: cert-manager.io/v1
 kind: Issuer
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
diff --git a/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml b/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
index 3f6988d1c..a74a86f2b 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -226,9 +226,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -244,9 +244,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml b/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
index 1645fced0..caa881487 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -25,9 +25,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml b/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
index 19b960296..820963060 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
@@ -4,9 +4,9 @@ apiVersion: apps/v1
 kind: Deployment
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -39,7 +39,7 @@ spec:
           env:
             - name: ENABLE_WEBHOOKS
               value: "true"
-          image: "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:v0.86.0"
+          image: "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:v0.87.0"
           name: manager
           ports:
             - containerPort: 8080
diff --git a/charts/opentelemetry-operator/examples/default/rendered/role.yaml b/charts/opentelemetry-operator/examples/default/rendered/role.yaml
index 6053edf21..32335ba70 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/role.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/role.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: Role
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml b/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
index 581f0936c..8ec5636cc 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
@@ -4,9 +4,9 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: RoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/service.yaml b/charts/opentelemetry-operator/examples/default/rendered/service.yaml
index 35fddd845..0b57dc53d 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/service.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/service.yaml
@@ -4,9 +4,9 @@ apiVersion: v1
 kind: Service
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -31,9 +31,9 @@ apiVersion: v1
 kind: Service
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml b/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
index d12594edc..5ec2e6390 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
@@ -6,9 +6,9 @@ metadata:
   name: opentelemetry-operator
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml b/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml
index 5aa4ba41b..d83680a62 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/tests/test-certmanager-connection.yaml
@@ -6,9 +6,9 @@ metadata:
   name: "example-opentelemetry-operator-cert-manager"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: webhook
diff --git a/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml b/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml
index 28040a480..4c01c14ec 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/tests/test-service-connection.yaml
@@ -6,9 +6,9 @@ metadata:
   name: "example-opentelemetry-operator-metrics"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
@@ -43,9 +43,9 @@ metadata:
   name: "example-opentelemetry-operator-webhook"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.40.0
+    helm.sh/chart: opentelemetry-operator-0.41.0
     app.kubernetes.io/name: opentelemetry-operator
-    app.kubernetes.io/version: "0.86.0"
+    app.kubernetes.io/version: "0.87.0"
     app.kubernetes.io/managed-by: Helm
     app.kubernetes.io/instance: example
     app.kubernetes.io/component: controller-manager
diff --git a/charts/opentelemetry-operator/values.yaml b/charts/opentelemetry-operator/values.yaml
index db11f1926..67e6f0036 100644
--- a/charts/opentelemetry-operator/values.yaml
+++ b/charts/opentelemetry-operator/values.yaml
@@ -29,7 +29,7 @@ pdb:
 manager:
   image:
     repository: ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator
-    tag: v0.86.0
+    tag: v0.87.0
   collectorImage:
     repository: otel/opentelemetry-collector-contrib
     tag: 0.87.0