diff --git a/charts/opentelemetry-operator/Chart.yaml b/charts/opentelemetry-operator/Chart.yaml
index 4c3a6618c..c39265b90 100644
--- a/charts/opentelemetry-operator/Chart.yaml
+++ b/charts/opentelemetry-operator/Chart.yaml
@@ -1,6 +1,6 @@
 apiVersion: v2
 name: opentelemetry-operator
-version: 0.60.0
+version: 0.60.1
 description: OpenTelemetry Operator Helm chart for Kubernetes
 type: application
 home: https://opentelemetry.io/
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 3375d62b8..4099c0688 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
@@ -6,7 +6,7 @@ metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
@@ -91,7 +91,7 @@ metadata:
   annotations:
     cert-manager.io/inject-ca-from: default/example-opentelemetry-operator-serving-cert
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml b/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
index 09e354a37..a0f9bd7b8 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/certmanager.yaml
@@ -4,7 +4,7 @@ apiVersion: cert-manager.io/v1
 kind: Certificate
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
@@ -30,7 +30,7 @@ apiVersion: cert-manager.io/v1
 kind: Issuer
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml b/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
index 51b8239bb..105384719 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/clusterrole.yaml
@@ -4,7 +4,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
@@ -223,7 +223,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
@@ -242,7 +242,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRole
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml b/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
index acb7368cb..98ece36ea 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/clusterrolebinding.yaml
@@ -4,7 +4,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
@@ -26,7 +26,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: ClusterRoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml b/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
index d011796e3..e0aecda97 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/deployment.yaml
@@ -4,7 +4,7 @@ apiVersion: apps/v1
 kind: Deployment
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
@@ -34,13 +34,13 @@ spec:
             - --enable-leader-election
             - --health-probe-addr=:8081
             - --webhook-port=9443
-            - --collector-image=otel/opentelemetry-collector-k8s:0.100.0
+            - --collector-image=ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:"0.100.1"
           command:
             - /manager
           env:
             - name: ENABLE_WEBHOOKS
               value: "true"
-          image: "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:0.100.1"
+          image: "ghcr.io/open-telemetry/opentelemetry-operator/opentelemetry-operator:\"0.100.1\""
           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 91c1f1eb1..62a326e6b 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/role.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/role.yaml
@@ -4,7 +4,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: Role
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml b/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
index 855c4f8cb..359a48ab8 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/rolebinding.yaml
@@ -4,7 +4,7 @@ apiVersion: rbac.authorization.k8s.io/v1
 kind: RoleBinding
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/service.yaml b/charts/opentelemetry-operator/examples/default/rendered/service.yaml
index 185c34e81..bd7a919bf 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/service.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/service.yaml
@@ -4,7 +4,7 @@ apiVersion: v1
 kind: Service
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
@@ -32,7 +32,7 @@ apiVersion: v1
 kind: Service
 metadata:
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml b/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
index 621a71576..850d0aed6 100644
--- a/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
+++ b/charts/opentelemetry-operator/examples/default/rendered/serviceaccount.yaml
@@ -6,7 +6,7 @@ metadata:
   name: opentelemetry-operator
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
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 29704d8d8..88a49e4d3 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
@@ -6,7 +6,7 @@ metadata:
   name: "example-opentelemetry-operator-cert-manager"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
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 15e71d7d9..e33900d37 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
@@ -6,7 +6,7 @@ metadata:
   name: "example-opentelemetry-operator-metrics"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
@@ -44,7 +44,7 @@ metadata:
   name: "example-opentelemetry-operator-webhook"
   namespace: default
   labels:
-    helm.sh/chart: opentelemetry-operator-0.60.0
+    helm.sh/chart: opentelemetry-operator-0.60.1
     app.kubernetes.io/name: opentelemetry-operator
     app.kubernetes.io/version: "0.100.1"
     app.kubernetes.io/managed-by: Helm
diff --git a/charts/opentelemetry-operator/templates/_helpers.tpl b/charts/opentelemetry-operator/templates/_helpers.tpl
index 3cd697c9b..09b6670d5 100644
--- a/charts/opentelemetry-operator/templates/_helpers.tpl
+++ b/charts/opentelemetry-operator/templates/_helpers.tpl
@@ -30,15 +30,20 @@ Create chart name and version as used by the chart label.
 {{- printf "%s-%s" .Chart.Name .Chart.Version | replace "+" "_" | trunc 63 | trimSuffix "-" }}
 {{- end }}
 
+{{/*
+Create chart name and version as used by the chart label.
+*/}}
+{{- define "opentelemetry-operator.appVersion" -}}
+{{ (default .Chart.AppVersion .Values.manager.image.tag) | quote }}
+{{- end }}
+
 {{/*
 Common labels
 */}}
 {{- define "opentelemetry-operator.labels" -}}
 helm.sh/chart: {{ include "opentelemetry-operator.chart" . }}
 {{ include "opentelemetry-operator.selectorLabels" . }}
-{{- if .Chart.AppVersion }}
-app.kubernetes.io/version: {{ .Chart.AppVersion | quote }}
-{{- end }}
+app.kubernetes.io/version: {{ include "opentelemetry-operator.appVersion" . }}
 app.kubernetes.io/managed-by: {{ .Release.Service }}
 app.kubernetes.io/instance: {{ .Release.Name }}
 {{ include "opentelemetry-operator.additionalLabels" . }}
@@ -147,5 +152,5 @@ Return the name of the cert-manager.io/inject-ca-from annotation for webhooks an
 The image to use for opentelemetry-operator.
 */}}
 {{- define "opentelemetry-operator.image" -}}
-{{- printf "%s:%s" .Values.manager.image.repository (default .Chart.AppVersion .Values.manager.image.tag) }}
+{{- printf "%s:%s" .Values.manager.image.repository (include "opentelemetry-operator.appVersion" .) }}
 {{- end }}
diff --git a/charts/opentelemetry-operator/templates/deployment.yaml b/charts/opentelemetry-operator/templates/deployment.yaml
index 28a425137..01e677ce0 100644
--- a/charts/opentelemetry-operator/templates/deployment.yaml
+++ b/charts/opentelemetry-operator/templates/deployment.yaml
@@ -48,7 +48,7 @@ spec:
             - --webhook-port={{ .Values.manager.ports.webhookPort }}
             {{- end }}
             {{- if and .Values.manager.collectorImage.repository .Values.manager.collectorImage.tag }}
-            - --collector-image={{ .Values.manager.collectorImage.repository }}:{{ .Values.manager.collectorImage.tag }}
+            - --collector-image={{ include "opentelemetry-operator.image" . }}
             {{- end }}
             {{- if and .Values.manager.opampBridgeImage.repository .Values.manager.opampBridgeImage.tag }}
             - --operator-opamp-bridge-image={{ .Values.manager.opampBridgeImage.repository }}:{{ .Values.manager.opampBridgeImage.tag }}
diff --git a/charts/opentelemetry-operator/values.yaml b/charts/opentelemetry-operator/values.yaml
index 7de517ec6..ca421dc33 100644
--- a/charts/opentelemetry-operator/values.yaml
+++ b/charts/opentelemetry-operator/values.yaml
@@ -42,7 +42,7 @@ manager:
     tag: ""
   collectorImage:
     repository: ""
-    tag: 0.100.0
+    tag: 0.100.1
   opampBridgeImage:
     repository: ""
     tag: ""