diff --git a/charts/fdb-operator/Chart.yaml b/charts/fdb-operator/Chart.yaml
index a3f64d94..315b68ba 100644
--- a/charts/fdb-operator/Chart.yaml
+++ b/charts/fdb-operator/Chart.yaml
@@ -18,6 +18,6 @@ type: application
 version: 0.2.0
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application.
-appVersion: v1.39.0
+appVersion: v1.40.0
 maintainers:
   - name: "foundationdb-ci"
diff --git a/charts/fdb-operator/values.yaml b/charts/fdb-operator/values.yaml
index 128fb793..4581dccc 100644
--- a/charts/fdb-operator/values.yaml
+++ b/charts/fdb-operator/values.yaml
@@ -1,7 +1,7 @@
 ---
 image:
   repository: foundationdb/fdb-kubernetes-operator
-  tag: v1.39.0
+  tag: v1.40.0
   pullPolicy: IfNotPresent
 initContainers:
   6.2:
diff --git a/config/deployment/manager.yaml b/config/deployment/manager.yaml
index def7240f..e6b8c91b 100644
--- a/config/deployment/manager.yaml
+++ b/config/deployment/manager.yaml
@@ -83,7 +83,7 @@ spec:
       containers:
         - command:
             - /manager
-          image: foundationdb/fdb-kubernetes-operator:v1.39.0
+          image: foundationdb/fdb-kubernetes-operator:v1.40.0
           name: manager
           env:
             - name: WATCH_NAMESPACE
diff --git a/config/samples/deployment.yaml b/config/samples/deployment.yaml
index a3e288ab..bb6d3310 100644
--- a/config/samples/deployment.yaml
+++ b/config/samples/deployment.yaml
@@ -178,7 +178,7 @@ spec:
           valueFrom:
             fieldRef:
               fieldPath: metadata.namespace
-        image: foundationdb/fdb-kubernetes-operator:v1.39.0
+        image: foundationdb/fdb-kubernetes-operator:v1.40.0
         name: manager
         ports:
         - containerPort: 8080
diff --git a/docs/changelog/v1.40.0.md b/docs/changelog/v1.40.0.md
new file mode 100644
index 00000000..3b1ef064
--- /dev/null
+++ b/docs/changelog/v1.40.0.md
@@ -0,0 +1,16 @@
+# v1.40.0
+
+## Changes
+
+### Operator
+
+* Refactor replacement tests for better readability [#2044](https://github.com/FoundationDB/fdb-kubernetes-operator/pull/2044)
+* Use the same ConfigMap entries for all different process configuration [#2038](https://github.com/FoundationDB/fdb-kubernetes-operator/pull/2038)
+* Allow to override the image tag for specific versions [#2037](https://github.com/FoundationDB/fdb-kubernetes-operator/pull/2037)
+* Add a test case for the unified image to check what happens if the Kubernetes API is partitioned [#2036](https://github.com/FoundationDB/fdb-kubernetes-operator/pull/2036)
+* Add support for env variables in custom parameters for the unified image [#2035](https://github.com/FoundationDB/fdb-kubernetes-operator/pull/2035)
+* Fix DNS setup for unified image and make sure env variable is set [#2031](https://github.com/FoundationDB/fdb-kubernetes-operator/pull/2031)
+* Add support for PodIPFamily in the unified image [#2028](https://github.com/FoundationDB/fdb-kubernetes-operator/pull/2028)
+* quick doc addition to help emphasize recreation vs replacement terms [#2024](https://github.com/FoundationDB/fdb-kubernetes-operator/pull/2024)
+* Make sure we ignore clients that share the same machine address as a process from the FoundationDB cluster [#2022](https://github.com/FoundationDB/fdb-kubernetes-operator/pull/2022)
+* Replace pod for instances with changed file security context [#2014](https://github.com/FoundationDB/fdb-kubernetes-operator/pull/2014)