diff --git a/CHANGELOG.md b/CHANGELOG.md
index d2148d769..11739c23a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,10 +1,19 @@
 # Changelog
 
+## 7.16.2
+
+* 7.16.2 as default version.
+
+| PR | Author | Title |
+| --- | --- | --- |
+| [#1507](https://github.com/elastic/helm-charts/pull/1507) | [@jmlrt](https://github.com/jmlrt) | [elasticsearch] remove usage of ELASTIC_USERNAME (#1506)  |
+| [#1499](https://github.com/elastic/helm-charts/pull/1499) | [@elasticmachine](https://github.com/elasticmachine) | Bump version to 7.16.2-SNAPSHOT  |
+
+
 ## 6.8.22
 
 * 6.8.22 as default version.
 
-
 | PR | Author | Title |
 | --- | --- | --- |
 | [#1508](https://github.com/elastic/helm-charts/pull/1508) | [@jmlrt](https://github.com/jmlrt) | [elasticsearch] remove usage of ELASTIC_USERNAME (#1506)  |
diff --git a/README.md b/README.md
index 718c6983d..31ff40557 100644
--- a/README.md
+++ b/README.md
@@ -43,12 +43,12 @@ Note that only the released charts coming from [Elastic Helm repo][] or
 
 | Chart                                      | Latest 7 Version                             | Latest 6 Version                   |
 |--------------------------------------------|----------------------------------------------|------------------------------------|
-| [APM-Server](./apm-server/README.md)       | [`7.16.1`][apm-7] (Beta since 7.7.0)         | [`6.8.22`][apm-6] (Alpha)          |
-| [Elasticsearch](./elasticsearch/README.md) | [`7.16.1`][elasticsearch-7] (GA since 7.7.0) | [`6.8.22`][elasticsearch-6] (Beta) |
-| [Filebeat](./filebeat/README.md)           | [`7.16.1`][filebeat-7] (GA since 7.7.0)      | [`6.8.22`][filebeat-6] (Beta)      |
-| [Kibana](./kibana/README.md)               | [`7.16.1`][kibana-7] (GA since 7.7.0)        | [`6.8.22`][kibana-6] (Beta)        |
-| [Logstash](./logstash/README.md)           | [`7.16.1`][logstash-7] (Beta since 7.5.0)    | [`6.8.22`][logstash-6] (Beta)      |
-| [Metricbeat](./metricbeat/README.md)       | [`7.16.1`][metricbeat-7] (GA since 7.7.0)    | [`6.8.22`][metricbeat-6] (Beta)    |
+| [APM-Server](./apm-server/README.md)       | [`7.16.2`][apm-7] (Beta since 7.7.0)         | [`6.8.22`][apm-6] (Alpha)          |
+| [Elasticsearch](./elasticsearch/README.md) | [`7.16.2`][elasticsearch-7] (GA since 7.7.0) | [`6.8.22`][elasticsearch-6] (Beta) |
+| [Filebeat](./filebeat/README.md)           | [`7.16.2`][filebeat-7] (GA since 7.7.0)      | [`6.8.22`][filebeat-6] (Beta)      |
+| [Kibana](./kibana/README.md)               | [`7.16.2`][kibana-7] (GA since 7.7.0)        | [`6.8.22`][kibana-6] (Beta)        |
+| [Logstash](./logstash/README.md)           | [`7.16.2`][logstash-7] (Beta since 7.5.0)    | [`6.8.22`][logstash-6] (Beta)      |
+| [Metricbeat](./metricbeat/README.md)       | [`7.16.2`][metricbeat-7] (GA since 7.7.0)    | [`6.8.22`][metricbeat-6] (Beta)    |
 
 ### Kubernetes Versions