diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5fb0025b1..c4acaa0ae 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,34 @@
+# v1.24.0 Release 2025-05-21
+The executor images in this release are:
+```
+gcr.io/kaniko-project/executor:v1.24.0
+gcr.io/kaniko-project/executor:latest
+```
+
+The debug images are available at:
+```
+gcr.io/kaniko-project/executor:debug
+gcr.io/kaniko-project/executor:v1.24.0-debug
+```
+
+The slim executor images which don't contain any authentication binaries are available at:
+```
+gcr.io/kaniko-project/executor:slim
+gcr.io/kaniko-project/executor:v1.24.0-slim
+```
+
+
+
+Huge thank you for this release towards our contributors: 
+- Aaron Prindle
+- Aswin A
+- dependabot[bot]
+- Michael Plump
+- Mick van Gelderen
+- Thomas L. Kjeldsen
+
+
+
 # v1.23.2 Release 2024-07-09
 The executor images in this release are:
 ```
diff --git a/Makefile b/Makefile
index eb1b6c131..0dace6e11 100644
--- a/Makefile
+++ b/Makefile
@@ -14,8 +14,8 @@
 
 # Bump these on release
 VERSION_MAJOR ?= 1
-VERSION_MINOR ?= 23
-VERSION_BUILD ?= 2
+VERSION_MINOR ?= 24
+VERSION_BUILD ?= 0
 
 VERSION ?= v$(VERSION_MAJOR).$(VERSION_MINOR).$(VERSION_BUILD)
 VERSION_PACKAGE = $(REPOPATH/pkg/version)